Value Holdings Management CO. LLC Acquires 31,518 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Value Holdings Management CO. LLC lifted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 119.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,823 shares of the business services provider’s stock after buying an additional 31,518 shares during the period. Euronet Worldwide comprises approximately 1.0% of Value Holdings Management CO. LLC’s holdings, making the stock its 23rd largest holding. Value Holdings Management CO. LLC’s holdings in Euronet Worldwide were worth $5,947,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in Euronet Worldwide by 121.3% during the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock worth $98,000 after buying an additional 523 shares in the last quarter. Mendota Financial Group LLC bought a new stake in Euronet Worldwide during the 3rd quarter worth approximately $100,000. Quarry LP lifted its holdings in shares of Euronet Worldwide by 21.6% in the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 193 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in Euronet Worldwide during the 3rd quarter worth about $109,000. Finally, 1620 Investment Advisors Inc. grew its stake in shares of Euronet Worldwide by 53.3% in the third quarter. 1620 Investment Advisors Inc. now owns 1,191 shares of the business services provider’s stock valued at $118,000 after buying an additional 414 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Stock Down 0.3 %

NASDAQ:EEFT traded down $0.30 during trading hours on Friday, reaching $99.52. The company had a trading volume of 180,980 shares, compared to its average volume of 234,857. The business’s 50-day simple moving average is $103.07 and its two-hundred day simple moving average is $101.43. Euronet Worldwide, Inc. has a twelve month low of $91.07 and a twelve month high of $117.66. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 0.77 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the company earned $2.53 earnings per share. On average, equities analysts expect that Euronet Worldwide, Inc. will post 7.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EEFT. DA Davidson reaffirmed a “buy” rating and issued a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research report on Thursday, December 12th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their price target for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Finally, Oppenheimer lowered their target price on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Euronet Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $126.25.

Insider Activity

In related news, CEO Kevin J. Caponecchi sold 52,034 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the transaction, the chief executive officer now directly owns 90,288 shares of the company’s stock, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the sale, the chief executive officer now directly owns 52,370 shares in the company, valued at $5,423,437.20. The trade was a 29.09 % 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. 10.50% of the stock is currently owned by 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.