Sheets Smith Wealth Management lessened its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 42.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,171 shares of the business services provider’s stock after selling 3,051 shares during the quarter. Sheets Smith Wealth Management’s holdings in Euronet Worldwide were worth $351,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EEFT. Janus Henderson Group PLC bought a new stake in shares of Euronet Worldwide in the second quarter worth about $329,644,000. Commerce Bank grew its holdings in shares of Euronet Worldwide by 1,198.1% during the third quarter. Commerce Bank now owns 306,120 shares of the business services provider’s stock worth $29,017,000 after buying an additional 282,538 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Euronet Worldwide by 625.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 172,746 shares of the business services provider’s stock worth $15,093,000 after buying an additional 148,946 shares in the last quarter. FMR LLC grew its holdings in shares of Euronet Worldwide by 4.1% during the second quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock worth $309,023,000 after buying an additional 138,659 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of Euronet Worldwide by 20.6% during the second quarter. Ameriprise Financial Inc. now owns 745,509 shares of the business services provider’s stock worth $65,132,000 after buying an additional 127,556 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.
Euronet Worldwide, Inc. (NASDAQ EEFT) opened at $95.31 on Friday. Euronet Worldwide, Inc. has a 52 week low of $70.51 and a 52 week high of $101.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.48. The company has a market capitalization of $5,004.17, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 1.25 and a beta of 1.37.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.61. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The firm had revenue of $637.90 million for the quarter, compared to analyst estimates of $595.09 million. During the same quarter last year, the company earned $1.35 EPS. The company’s revenue was up 21.7% on a year-over-year basis. equities analysts forecast that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current year.
In other news, CEO Michael J. Brown sold 63,538 shares of Euronet Worldwide stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $100.06, for a total value of $6,357,612.28. Following the transaction, the chief executive officer now owns 1,603,486 shares in the company, valued at approximately $160,444,809.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Nikos Fountas sold 296 shares of Euronet Worldwide stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $92.00, for a total value of $27,232.00. Following the completion of the transaction, the chief executive officer now owns 550 shares in the company, valued at approximately $50,600. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,835 shares of company stock worth $8,961,216. Corporate insiders own 7.70% of the company’s stock.
A number of research analysts recently issued reports on the company. BidaskClub upgraded Euronet Worldwide from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Zacks Investment Research cut Euronet Worldwide from a “hold” rating to a “sell” rating in a research report on Monday, December 25th. William Blair cut Euronet Worldwide from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Goldman Sachs Group started coverage on Euronet Worldwide in a research report on Thursday, December 14th. They issued a “buy” rating and a $110.00 price objective for the company. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $112.00 price objective on shares of Euronet Worldwide in a research report on Sunday, October 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $108.86.
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About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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