Rock Creek Group LP Has $2.06 Million Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Rock Creek Group LP grew its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 33.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,000 shares of the business services provider’s stock after acquiring an additional 5,000 shares during the quarter. Euronet Worldwide accounts for approximately 0.2% of Rock Creek Group LP’s investment portfolio, making the stock its 27th biggest position. Rock Creek Group LP’s holdings in Euronet Worldwide were worth $2,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Proficio Capital Partners LLC acquired a new position in Euronet Worldwide in the 4th quarter valued at $28,000. R Squared Ltd acquired a new position in Euronet Worldwide in the fourth quarter valued at about $58,000. Jones Financial Companies Lllp lifted its position in Euronet Worldwide by 485.6% during the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock worth $88,000 after purchasing an additional 709 shares during the period. GAMMA Investing LLC grew its stake in Euronet Worldwide by 121.3% during the fourth 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. Finally, Blue Trust Inc. increased its holdings in Euronet Worldwide by 26.1% in the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after buying an additional 205 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on EEFT shares. 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. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Keefe, Bruyette & Woods lifted their price target on Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Finally, Stephens reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Euronet Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $125.86.

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $107.13 on Friday. The stock’s 50-day moving average is $101.70 and its 200-day moving average is $101.39. The stock has a market cap of $4.69 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37. 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 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (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%. Equities research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the sale, the chief executive officer now owns 1,418,966 shares of the company’s stock, valued at approximately $142,875,686.54. This represents a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 10.50% of the stock is owned by corporate 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.