First Sabrepoint Capital Management LP Sells 9,768 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

First Sabrepoint Capital Management LP decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,000 shares of the business services provider’s stock after selling 9,768 shares during the period. Euronet Worldwide comprises approximately 2.8% of First Sabrepoint Capital Management LP’s portfolio, making the stock its 10th biggest holding. First Sabrepoint Capital Management LP’s holdings in Euronet Worldwide were worth $10,284,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Tidal Investments LLC lifted its position in Euronet Worldwide by 10.8% during the third quarter. Tidal Investments LLC now owns 7,195 shares of the business services provider’s stock valued at $714,000 after buying an additional 704 shares during the period. Franklin Resources Inc. grew its holdings in Euronet Worldwide by 22.2% during the 3rd quarter. Franklin Resources Inc. now owns 33,921 shares of the business services provider’s stock valued at $3,359,000 after buying an additional 6,154 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Euronet Worldwide by 121.3% in the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock worth $98,000 after buying an additional 523 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Euronet Worldwide by 1.3% during the 4th quarter. Nordea Investment Management AB now owns 68,556 shares of the business services provider’s stock valued at $7,088,000 after acquiring an additional 886 shares during the period. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Euronet Worldwide by 2.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 57,725 shares of the business services provider’s stock valued at $5,936,000 after acquiring an additional 1,629 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This represents a 6.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.20% of the company’s stock.

Euronet Worldwide Stock Up 1.7 %

Shares of EEFT opened at $107.46 on Friday. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 16.61, a P/E/G ratio of 0.78 and a beta of 1.25. Euronet Worldwide, Inc. has a 12 month low of $85.24 and a 12 month 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. The company has a 50-day moving average price of $100.37 and a two-hundred day moving average price of $101.26.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. The company had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $908.93 million. During the same quarter last year, the company earned $1.28 EPS. Euronet Worldwide’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on EEFT. Keefe, Bruyette & Woods cut their price objective on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating for the company in a report on Friday, April 25th. Stephens reissued an “overweight” rating and set a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. William Blair reiterated an “outperform” rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Needham & Company LLC reduced their price objective on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Euronet Worldwide has a consensus rating of “Moderate Buy” and an average price target of $125.57.

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.