52,203 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Purchased by Foundry Partners LLC

Foundry Partners LLC bought a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 52,203 shares of the business services provider’s stock, valued at approximately $5,369,000. Foundry Partners LLC owned 0.12% of Euronet Worldwide as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC grew its position in Euronet Worldwide by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock valued at $2,540,000 after buying an additional 158 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Euronet Worldwide by 3.6% in the fourth quarter. Xponance Inc. now owns 4,790 shares of the business services provider’s stock valued at $493,000 after acquiring an additional 166 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Euronet Worldwide by 2.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider’s stock valued at $768,000 after acquiring an additional 169 shares during the period. Quarry LP raised its holdings in Euronet Worldwide by 21.6% during the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock worth $108,000 after purchasing an additional 193 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its position in Euronet Worldwide by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 23,277 shares of the business services provider’s stock worth $2,394,000 after purchasing an additional 196 shares during the period. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Down 7.9 %

Shares of NASDAQ:EEFT opened at $93.18 on Friday. The firm has a 50 day simple moving average of $102.23 and a 200 day simple moving average of $101.56. Euronet Worldwide, Inc. has a 52 week low of $91.07 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 has a market cap of $4.08 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) 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%. As a group, research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide 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 transaction of $9,565,550.00. Following the completion of the sale, the chief executive officer now owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 10.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Keefe, Bruyette & Woods boosted their price target on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Oppenheimer reduced 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 report on Thursday, December 19th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a report on Thursday, December 12th. Finally, Stephens restated an “overweight” rating and set a $130.00 target price on shares of Euronet Worldwide in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.86.

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.