Covestor Ltd Boosts Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Covestor Ltd lifted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 40.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 713 shares of the business services provider’s stock after buying an additional 207 shares during the quarter. Covestor Ltd’s holdings in Euronet Worldwide were worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of EEFT. Janney Montgomery Scott LLC grew its holdings in shares of Euronet Worldwide by 28.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider’s stock worth $1,236,000 after acquiring an additional 2,632 shares during the period. Reinhart Partners LLC. boosted its holdings in shares of Euronet Worldwide by 3.4% during the 4th quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock valued at $64,496,000 after buying an additional 20,824 shares in the last quarter. Value Holdings Management CO. LLC grew its position in shares of Euronet Worldwide by 119.8% in the 4th quarter. Value Holdings Management CO. LLC now owns 57,823 shares of the business services provider’s stock worth $5,947,000 after buying an additional 31,518 shares during the period. Stifel Financial Corp increased its stake in shares of Euronet Worldwide by 2.0% in the 3rd quarter. Stifel Financial Corp now owns 11,729 shares of the business services provider’s stock worth $1,164,000 after acquiring an additional 232 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Euronet Worldwide during the 4th quarter valued at about $28,000. 91.60% of the stock is owned by institutional investors.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was 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 of the company’s stock, valued at approximately $142,875,686.54. This represents a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.50% of the company’s stock.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT opened at $94.45 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 14.60, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The business has a 50-day simple moving average of $101.39 and a two-hundred day simple moving average of $101.21. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share 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%. On average, analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EEFT. Oppenheimer lowered their target price 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. Keefe, Bruyette & Woods increased their target price on Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. 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 investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $125.86.

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.