Wealthfront Advisers LLC Makes New Investment in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Wealthfront Advisers LLC bought a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,239 shares of the business services provider's stock, valued at approximately $642,000.

Other hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP boosted its holdings in Euronet Worldwide by 45.8% in the third quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider's stock valued at $71,102,000 after acquiring an additional 224,982 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Euronet Worldwide by 13.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider's stock valued at $105,604,000 after buying an additional 127,240 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Euronet Worldwide during the 3rd quarter valued at $4,373,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Euronet Worldwide during the 3rd quarter valued at $4,085,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Euronet Worldwide by 940.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 43,152 shares of the business services provider's stock valued at $4,282,000 after buying an additional 39,003 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the transaction, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. This represents a 6.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.50% of the company's stock.

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Euronet Worldwide Stock Performance

NASDAQ:EEFT traded up $0.58 during mid-day trading on Thursday, reaching $108.39. The company's stock had a trading volume of 472,751 shares, compared to its average volume of 311,550. Euronet Worldwide, Inc. has a 12-month low of $91.07 and a 12-month high of $117.66. The firm's fifty day moving average price is $100.33 and its two-hundred day moving average price is $101.07. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. The stock has a market cap of $4.74 billion, a P/E ratio of 16.75, a PEG ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing analysts' consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. On average, equities analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EEFT shares. Stephens restated an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide in a report on Friday, February 14th. Keefe, Bruyette & Woods upped their price target on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a research note on Friday, February 14th. Oppenheimer dropped their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $127.00.

Euronet Worldwide Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.