52,203 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Acquired by Foundry Partners LLC

Foundry Partners LLC bought a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 4th quarter, Holdings Channel.com reports. The fund bought 52,203 shares of the business services provider’s stock, valued at approximately $5,369,000.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Euronet Worldwide in the 4th quarter valued at $53,072,000. Arrowstreet Capital Limited Partnership raised its holdings in Euronet Worldwide by 57.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 175,027 shares of the business services provider’s stock valued at $18,000,000 after buying an additional 63,785 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Euronet Worldwide by 45,059.8% in the fourth quarter. National Bank of Canada FI now owns 37,031 shares of the business services provider’s stock worth $3,808,000 after buying an additional 36,949 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Euronet Worldwide by 9.1% during the 4th quarter. Sei Investments Co. now owns 425,971 shares of the business services provider’s stock worth $43,807,000 after acquiring an additional 35,391 shares in the last quarter. Finally, Hahn Capital Management LLC increased its holdings in shares of Euronet Worldwide by 48.0% during the 4th quarter. Hahn Capital Management LLC now owns 105,278 shares of the business services provider’s stock valued at $10,827,000 after acquiring an additional 34,152 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EEFT shares. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Keefe, Bruyette & Woods lifted their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Oppenheimer decreased their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. Finally, Stephens reissued an “overweight” rating and set a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.86.

Euronet Worldwide Stock Performance

EEFT opened at $93.18 on Friday. The stock’s 50 day simple moving average is $102.23 and its 200-day simple moving average is $101.56. 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 $4.08 billion, a PE ratio of 14.40, a P/E/G ratio of 0.78 and a beta of 1.18. Euronet Worldwide, Inc. has a 1 year low of $91.07 and a 1 year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. Sell-side analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Insider Buying and Selling

In related news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the completion of the transaction, the chief executive officer now directly owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 10.50% of the company’s stock.

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.