Oliver Luxxe Assets LLC Boosts Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Oliver Luxxe Assets LLC boosted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 19,424 shares of the business services provider’s stock after purchasing an additional 772 shares during the period. Oliver Luxxe Assets LLC’s holdings in Euronet Worldwide were worth $1,998,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wasatch Advisors LP raised its holdings in shares of Euronet Worldwide by 45.8% in the 3rd quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock valued at $71,102,000 after buying an additional 224,982 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Euronet Worldwide during the third quarter worth about $15,258,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Euronet Worldwide by 13.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock worth $105,604,000 after purchasing an additional 127,240 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Euronet Worldwide by 17.7% in the second quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock valued at $78,172,000 after purchasing an additional 113,685 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Euronet Worldwide in the second quarter valued at approximately $9,047,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the transaction, the senior vice president now directly owns 39,983 shares in the company, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction on Monday, November 25th. The shares were sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the completion of the transaction, the chief executive officer now directly owns 90,288 shares in the company, valued at $9,625,603.68. The trade was a 36.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,910 shares of company stock valued at $8,780,102. 10.50% of the stock is currently owned by insiders.

Euronet Worldwide Stock Down 1.4 %

EEFT traded down $1.47 on Monday, reaching $100.54. The company’s stock had a trading volume of 103,005 shares, compared to its average volume of 167,582. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 0.95 and a beta of 1.44. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average of $103.32 and a two-hundred day moving average of $101.89.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm posted $2.53 EPS. As a group, analysts forecast that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on EEFT. Oppenheimer reduced their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. DA Davidson reiterated a “buy” rating and issued a $136.00 price objective on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their target price for the company from $118.00 to $110.00 in a report on Friday, October 18th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Euronet Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $126.25.

About Euronet Worldwide

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.