43,502 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Acquired by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 43,502 shares of the business services provider’s stock, valued at approximately $4,474,000. Euronet Worldwide comprises about 2.9% of Sovereign s Capital Management LLC’s portfolio, making the stock its 3rd biggest position. Sovereign s Capital Management LLC owned approximately 0.10% of Euronet Worldwide as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EEFT. Ellsworth Advisors LLC lifted its stake in Euronet Worldwide by 18.6% in the fourth quarter. Ellsworth Advisors LLC now owns 7,083 shares of the business services provider’s stock worth $728,000 after acquiring an additional 1,111 shares during the last quarter. Sheets Smith Wealth Management lifted its position in shares of Euronet Worldwide by 6.7% during the 4th quarter. Sheets Smith Wealth Management now owns 9,678 shares of the business services provider’s stock worth $995,000 after buying an additional 606 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Euronet Worldwide by 47.5% during the 4th quarter. SG Americas Securities LLC now owns 3,225 shares of the business services provider’s stock worth $332,000 after buying an additional 1,038 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Euronet Worldwide by 28.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider’s stock worth $1,236,000 after buying an additional 2,632 shares during the last quarter. Finally, IVC Wealth Advisors LLC lifted its position in shares of Euronet Worldwide by 51.9% during the 4th quarter. IVC Wealth Advisors LLC now owns 3,317 shares of the business services provider’s stock worth $341,000 after buying an additional 1,133 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Up 1.4%

EEFT stock opened at $111.08 on Monday. The company has a fifty day moving average price of $101.67 and a 200 day moving average price of $101.74. Euronet Worldwide, Inc. has a 12 month low of $85.24 and a 12 month high of $117.66. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, meeting the consensus estimate of $1.13. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The firm had revenue of $915.50 million during the quarter, compared to the consensus estimate of $908.93 million. During the same quarter in the prior year, the firm earned $1.28 EPS. Euronet Worldwide’s revenue for the quarter was up 6.8% on a year-over-year basis. Sell-side analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. William Blair restated an “outperform” rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Keefe, Bruyette & Woods reduced 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 research report on Friday, April 25th. Stephens restated an “overweight” rating and set a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, February 14th. Needham & Company LLC reduced their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Euronet Worldwide has an average rating of “Moderate Buy” and a consensus target price of $125.57.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the transaction, the chief executive officer now directly owns 1,418,966 shares of the company’s stock, valued at approximately $142,875,686.54. The trade was a 6.27% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.20% of the stock is currently owned by corporate insiders.

About Euronet Worldwide

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.