Van Berkom & Associates Inc. Has $112.34 Million Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Van Berkom & Associates Inc. lessened its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,092,333 shares of the business services provider’s stock after selling 13,536 shares during the quarter. Euronet Worldwide makes up about 3.3% of Van Berkom & Associates Inc.’s portfolio, making the stock its 4th biggest position. Van Berkom & Associates Inc. owned approximately 2.49% of Euronet Worldwide worth $112,336,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thompson Siegel & Walmsley LLC boosted its position in Euronet Worldwide by 5.4% during the third quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock valued at $16,004,000 after purchasing an additional 8,230 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Euronet Worldwide during the third quarter valued at about $15,258,000. Janney Montgomery Scott LLC boosted its holdings in shares of Euronet Worldwide by 28.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider’s stock valued at $1,236,000 after buying an additional 2,632 shares in the last quarter. Holocene Advisors LP purchased a new position in shares of Euronet Worldwide in the 3rd quarter worth approximately $666,000. Finally, Reinhart Partners LLC. raised its stake in shares of Euronet Worldwide by 3.4% during the 4th quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock worth $64,496,000 after acquiring an additional 20,824 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Euronet Worldwide Trading Down 2.3 %

Euronet Worldwide stock opened at $106.04 on Friday. The stock has a 50-day moving average price of $101.08 and a 200 day moving average price of $101.09. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 0.81 and a beta of 1.43. Euronet Worldwide, Inc. has a 52 week low of $91.07 and a 52 week high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 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%. Sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.07 EPS for the current year.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, SVP Martin L. Bruckner sold 9,397 shares of Euronet Worldwide stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the transaction, the senior vice president now owns 39,983 shares in the company, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Nikos Fountas sold 21,479 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now 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. Company insiders own 10.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th. Oppenheimer lowered their price objective 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. Stephens reaffirmed an “overweight” rating and set a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, February 14th. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Four investment 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.00.

Euronet Worldwide 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.