Aristotle Capital Boston LLC boosted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT – Free Report) by 6.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 286,635 shares of the business services provider’s stock after purchasing an additional 16,475 shares during the period. Euronet Worldwide comprises approximately 1.2% of Aristotle Capital Boston LLC’s holdings, making the stock its 25th largest position. Aristotle Capital Boston LLC owned approximately 0.68% of Euronet Worldwide worth $21,816,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. purchased a new position in Euronet Worldwide during the third quarter valued at approximately $26,000. Danske Bank A S bought a new stake in Euronet Worldwide in the third quarter worth approximately $26,000. Geneos Wealth Management Inc. grew its position in Euronet Worldwide by 48.4% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after acquiring an additional 109 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Euronet Worldwide in the fourth quarter worth approximately $38,000. Finally, 1620 Investment Advisors Inc. grew its position in Euronet Worldwide by 123.1% in the fourth quarter. 1620 Investment Advisors Inc. now owns 589 shares of the business services provider’s stock worth $45,000 after acquiring an additional 325 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.
Euronet Worldwide Stock Performance
EEFT stock opened at $67.03 on Thursday. The firm has a 50 day moving average of $70.09 and a two-hundred day moving average of $71.67. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.29. Euronet Worldwide, Inc. has a 12 month low of $62.50 and a 12 month high of $107.91. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 0.53 and a beta of 0.82.
Insider Buying and Selling at Euronet Worldwide
In other news, Director Thomas A. Mcdonnell acquired 3,000 shares of Euronet Worldwide stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $66.87 per share, for a total transaction of $200,610.00. Following the completion of the purchase, the director owned 100,219 shares of the company’s stock, valued at $6,701,644.53. This represents a 3.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 12.19% of the company’s stock.
Analysts Set New Price Targets
Several analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $85.00 target price on shares of Euronet Worldwide in a research report on Friday, May 22nd. DA Davidson decreased their target price on shares of Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Weiss Ratings downgraded shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $95.00.
Read Our Latest Analysis on Euronet Worldwide
Euronet Worldwide Company Profile
Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.
In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.
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