Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Purchased by Montag & Caldwell LLC

Montag & Caldwell LLC raised its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.2% during the fourth quarter, HoldingsChannel reports. The firm owned 6,994 shares of the business services provider’s stock after buying an additional 218 shares during the quarter. Montag & Caldwell LLC’s holdings in Euronet Worldwide were worth $719,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of EEFT. Allspring Global Investments Holdings LLC lifted its holdings in Euronet Worldwide by 0.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider’s stock worth $340,955,000 after buying an additional 16,220 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in Euronet Worldwide by 3.4% in the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock valued at $64,496,000 after purchasing an additional 20,824 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Euronet Worldwide by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 566,002 shares of the business services provider’s stock worth $58,208,000 after purchasing an additional 8,015 shares in the last quarter. Norges Bank acquired a new position in shares of Euronet Worldwide in the 4th quarter valued at $53,072,000. Finally, Sei Investments Co. grew its position in shares of Euronet Worldwide by 9.1% in the 4th quarter. Sei Investments Co. now owns 425,971 shares of the business services provider’s stock valued at $43,807,000 after buying an additional 35,391 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide 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 completion of the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. The trade was a 6.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 10.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on EEFT shares. Oppenheimer decreased their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Keefe, Bruyette & Woods lifted their price target on Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Finally, StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.86.

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $95.73 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $117.66. The stock has a market cap of $4.14 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The firm’s fifty day simple moving average is $101.32 and its 200-day simple moving average is $101.18.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results 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%. Analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

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.