Royce & Associates LP grew its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT – Free Report) by 2,354.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 198,553 shares of the business services provider’s stock after buying an additional 190,462 shares during the quarter. Royce & Associates LP’s holdings in Euronet Worldwide were worth $15,112,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of EEFT. Johnson Financial Group Inc. bought a new stake in shares of Euronet Worldwide in the 3rd quarter worth approximately $26,000. Danske Bank A S bought a new stake in shares of Euronet Worldwide in the 3rd quarter worth approximately $26,000. Geneos Wealth Management Inc. lifted its holdings in shares of Euronet Worldwide by 48.4% in the 1st 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 during the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Euronet Worldwide in the 3rd quarter worth approximately $37,000. Finally, 1620 Investment Advisors Inc. lifted its holdings in shares of Euronet Worldwide by 123.1% in the 4th 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 during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.
Euronet Worldwide Stock Up 1.9%
Shares of NASDAQ EEFT opened at $67.46 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.29. Euronet Worldwide, Inc. has a 12 month low of $63.73 and a 12 month high of $114.25. The firm has a market capitalization of $2.57 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 0.52 and a beta of 0.83. The firm has a fifty day simple moving average of $69.64 and a two-hundred day simple moving average of $72.04.
Insider Buying and Selling
In related news, Director Thomas A. Mcdonnell acquired 3,000 shares of the firm’s stock in a transaction on 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 acquisition, the director owned 100,219 shares of the company’s stock, valued at $6,701,644.53. This trade represents a 3.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 12.19% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on EEFT shares. Keefe, Bruyette & Woods lowered their price objective on shares of Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a report on Friday, February 13th. Weiss Ratings lowered shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 2nd. DA Davidson lowered their price objective on shares of Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Finally, Needham & Company LLC restated a “buy” rating and issued a $85.00 price objective on shares of Euronet Worldwide in a report on Friday, May 22nd. Three equities research 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, the stock presently has an average rating of “Hold” and an average price target of $95.00.
Get Our Latest Stock Report on Euronet Worldwide
About Euronet Worldwide
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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