Live Oak Private Wealth LLC Buys 355 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Live Oak Private Wealth LLC boosted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,219 shares of the business services provider’s stock after acquiring an additional 355 shares during the period. Live Oak Private Wealth LLC’s holdings in Euronet Worldwide were worth $1,051,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of Euronet Worldwide during the 2nd quarter worth approximately $200,000. Reinhart Partners LLC. raised its holdings in shares of Euronet Worldwide by 8.5% during the 3rd quarter. Reinhart Partners LLC. now owns 606,325 shares of the business services provider’s stock worth $60,166,000 after buying an additional 47,469 shares in the last quarter. Mendota Financial Group LLC bought a new stake in shares of Euronet Worldwide during the 3rd quarter worth $100,000. Fiduciary Financial Group LLC boosted its stake in Euronet Worldwide by 20.8% in the third quarter. Fiduciary Financial Group LLC now owns 2,820 shares of the business services provider’s stock valued at $271,000 after buying an additional 486 shares in the last quarter. Finally, Oliver Luxxe Assets LLC boosted its stake in Euronet Worldwide by 148.4% in the third quarter. Oliver Luxxe Assets LLC now owns 18,652 shares of the business services provider’s stock valued at $1,851,000 after buying an additional 11,144 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

NASDAQ EEFT opened at $97.23 on Friday. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 14.05, a PEG ratio of 0.78 and a beta of 1.43. 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, Inc. has a twelve month low of $91.07 and a twelve month high of $117.66. The stock has a fifty day simple moving average of $101.52 and a 200 day simple moving average of $100.94.

Insider Activity

In other news, CEO Kevin J. Caponecchi sold 52,034 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $9,625,603.68. The trade was a 36.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the sale, the chief executive officer now directly 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. In the last three months, insiders have sold 82,910 shares of company stock valued at $8,780,102. 10.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EEFT. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, January 20th. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $118.00 to $110.00 in a research note on Friday, October 18th. 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. Oppenheimer lowered 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. Finally, Needham & Company LLC reissued a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.14.

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.