EP Wealth Advisors LLC Has $260,000 Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

EP Wealth Advisors LLC grew its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 18.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,532 shares of the business services provider’s stock after purchasing an additional 393 shares during the period. EP Wealth Advisors LLC’s holdings in Euronet Worldwide were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its position 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 period. Dimensional Fund Advisors LP boosted its position in Euronet Worldwide by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider’s stock worth $84,512,000 after buying an additional 24,569 shares during the period. Wasatch Advisors LP boosted its position in Euronet Worldwide by 1.0% during the 4th quarter. Wasatch Advisors LP now owns 723,785 shares of the business services provider’s stock worth $74,434,000 after buying an additional 7,246 shares during the period. Voss Capital LP boosted its position in Euronet Worldwide by 21.9% during the 4th quarter. Voss Capital LP now owns 630,000 shares of the business services provider’s stock worth $64,789,000 after buying an additional 113,236 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Euronet Worldwide by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 566,002 shares of the business services provider’s stock worth $58,208,000 after buying an additional 8,015 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on EEFT. Stephens reiterated an “overweight” rating and set a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, February 14th. William Blair reiterated an “outperform” rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Needham & Company LLC dropped their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a research report on Friday, April 25th. Four equities 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 MarketBeat, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $125.57.

Euronet Worldwide Stock Down 0.9%

Shares of NASDAQ EEFT opened at $110.28 on Wednesday. The company has a market capitalization of $4.77 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $117.66. 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 company’s 50 day moving average price is $101.15 and its 200-day moving average price is $101.49.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. The company had revenue of $915.50 million during the quarter, compared to analyst estimates of $908.93 million. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. Euronet Worldwide’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.28 EPS. Equities analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Insider Activity

In other news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction on Thursday, March 13th. The shares were 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 legal filing with the SEC, which is available through this link. 11.20% of the stock is currently owned by company insiders.

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.