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

CX Institutional lifted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,064 shares of the business services provider’s stock after acquiring an additional 1,272 shares during the period. CX Institutional owned approximately 0.10% of Euronet Worldwide worth $4,532,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Euronet Worldwide by 17.7% during the second quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock valued at $78,172,000 after acquiring an additional 113,685 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of Euronet Worldwide during the second quarter valued at approximately $867,000. Vanguard Personalized Indexing Management LLC lifted its position in Euronet Worldwide by 6.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock worth $243,000 after purchasing an additional 143 shares during the period. Marshall Wace LLP acquired a new stake in Euronet Worldwide during the second quarter worth $9,047,000. Finally, Squarepoint Ops LLC boosted its stake in Euronet Worldwide by 253.3% during the second quarter. Squarepoint Ops LLC now owns 23,857 shares of the business services provider’s stock worth $2,469,000 after buying an additional 17,104 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Trading Up 1.6 %

Shares of NASDAQ EEFT opened at $98.34 on Friday. Euronet Worldwide, Inc. has a 1-year low of $91.07 and a 1-year high of $117.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. The company has a 50-day moving average of $102.59 and a two-hundred day moving average of $101.28. The company has a market cap of $4.32 billion, a PE ratio of 14.21, a P/E/G ratio of 0.78 and a beta of 1.44.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data 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. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same quarter in the prior year, the business earned $2.53 EPS. As a group, equities analysts expect that Euronet Worldwide, Inc. will post 7.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on EEFT shares. DA Davidson reaffirmed a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, January 20th. Oppenheimer lowered their price objective on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.25.

Insider Transactions at Euronet Worldwide

In other news, CEO Kevin J. Caponecchi sold 52,034 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was 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 $9,625,603.68. This trade represents a 36.56 % decrease in their position. 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 company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the sale, the chief executive officer now owns 52,370 shares of the company’s stock, valued at $5,423,437.20. This represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,910 shares of company stock worth $8,780,102 over the last 90 days. 10.50% of the stock is 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.