Euronet Worldwide, Inc. (NASDAQ:EEFT) Position Lifted by Villanova Investment Management Co LLC

Villanova Investment Management Co LLC increased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,628 shares of the business services provider’s stock after purchasing an additional 3,261 shares during the period. Euronet Worldwide accounts for about 3.1% of Villanova Investment Management Co LLC’s holdings, making the stock its 5th biggest holding. Villanova Investment Management Co LLC owned approximately 0.08% of Euronet Worldwide worth $3,458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in EEFT. Allspring Global Investments Holdings LLC boosted its position in shares of Euronet Worldwide by 0.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider’s stock worth $340,955,000 after buying an additional 16,220 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in Euronet Worldwide by 13.6% in 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. Reinhart Partners LLC. boosted its holdings in Euronet Worldwide by 3.4% in 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 during the period. Charles Schwab Investment Management Inc. grew its position in Euronet Worldwide by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 566,002 shares of the business services provider’s stock valued at $58,208,000 after acquiring an additional 8,015 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Euronet Worldwide during the fourth quarter valued at approximately $53,072,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

EEFT stock opened at $106.85 on Tuesday. The firm has a market cap of $4.67 billion, a P/E ratio of 16.51, a P/E/G ratio of 0.78 and a beta of 1.37. The stock’s 50 day simple moving average is $101.85 and its 200 day simple moving average is $101.49. 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, Inc. has a 12-month low of $91.07 and a 12-month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. As a group, equities research analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Michael J. Brown sold 95,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the completion of the transaction, the chief executive officer now directly owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. The trade was 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 insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on EEFT. Keefe, Bruyette & Woods raised their price target 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. Oppenheimer lowered their target price on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th. Stephens restated an “overweight” rating and set a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Finally, StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Euronet Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $125.86.

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.