CX Institutional Has $4.53 Million Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

CX Institutional boosted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 44,064 shares of the business services provider’s stock after purchasing an additional 1,272 shares during the period. CX Institutional’s holdings in Euronet Worldwide were worth $4,532,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Impact Partnership Wealth LLC acquired a new stake in shares of Euronet Worldwide during the fourth quarter worth about $239,000. IVC Wealth Advisors LLC raised its holdings in Euronet Worldwide by 51.9% during the 4th quarter. IVC Wealth Advisors LLC now owns 3,317 shares of the business services provider’s stock worth $341,000 after buying an additional 1,133 shares during the period. Janney Montgomery Scott LLC lifted its stake in Euronet Worldwide by 28.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider’s stock valued at $1,236,000 after buying an additional 2,632 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Euronet Worldwide by 47.5% during the fourth quarter. SG Americas Securities LLC now owns 3,225 shares of the business services provider’s stock worth $332,000 after acquiring an additional 1,038 shares in the last quarter. Finally, Sheets Smith Wealth Management raised its holdings in shares of Euronet Worldwide by 6.7% during the fourth quarter. Sheets Smith Wealth Management now owns 9,678 shares of the business services provider’s stock worth $995,000 after acquiring an additional 606 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

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

Euronet Worldwide Stock Up 1.6 %

EEFT stock opened at $98.34 on Friday. The business’s 50 day simple moving average is $102.59 and its 200 day simple moving average is $101.28. Euronet Worldwide, Inc. has a 1-year low of $91.07 and a 1-year high of $117.66. The firm has a market capitalization of $4.32 billion, a PE ratio of 14.21, a PEG ratio of 0.78 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm posted $2.53 EPS. As a group, research analysts anticipate that Euronet Worldwide, Inc. will post 7.85 EPS for the current year.

Euronet Worldwide Company 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.