Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Purchased by Value Holdings Management CO. LLC

Value Holdings Management CO. LLC increased its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 119.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,823 shares of the business services provider’s stock after buying an additional 31,518 shares during the quarter. Euronet Worldwide comprises 1.0% of Value Holdings Management CO. LLC’s holdings, making the stock its 23rd largest position. Value Holdings Management CO. LLC owned 0.13% of Euronet Worldwide worth $5,947,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Wasatch Advisors LP increased its holdings in Euronet Worldwide by 45.8% in the third quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock valued at $71,102,000 after buying an additional 224,982 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Euronet Worldwide in the third quarter valued at about $15,258,000. Hotchkis & Wiley Capital Management LLC lifted its position in Euronet Worldwide by 13.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock worth $105,604,000 after acquiring an additional 127,240 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Euronet Worldwide by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock valued at $78,172,000 after purchasing an additional 113,685 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Euronet Worldwide in the second quarter valued at approximately $9,047,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EEFT has been the topic of several recent research reports. 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. DA Davidson reissued a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a research report on Thursday, December 12th. Finally, Oppenheimer cut their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $126.25.

Euronet Worldwide Stock Performance

EEFT traded down $0.30 on Friday, hitting $99.52. 180,980 shares of the company’s stock were exchanged, compared to its average volume of 234,857. 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 stock has a fifty day moving average of $103.07 and a two-hundred day moving average of $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 PE ratio of 14.38, a P/E/G ratio of 0.77 and a beta of 1.44.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the firm posted $2.53 EPS. On average, research analysts anticipate that Euronet Worldwide, Inc. will post 7.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, SVP Martin L. Bruckner sold 9,397 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $107.31, for a total value of $1,008,392.07. Following the transaction, the senior vice president now owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. This represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the business’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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,910 shares of company stock worth $8,780,102. 10.50% of the stock is 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.