Securian Asset Management Inc. Lowers Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Securian Asset Management Inc. lessened its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.9% during the 4th quarter, Holdings Channel reports. The firm owned 3,121 shares of the business services provider’s stock after selling 162 shares during the period. Securian Asset Management Inc.’s holdings in Euronet Worldwide were worth $321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its stake in Euronet Worldwide by 0.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider’s stock valued at $340,955,000 after purchasing an additional 16,220 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake in Euronet Worldwide by 13.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock valued at $105,604,000 after purchasing an additional 127,240 shares during the period. Wasatch Advisors LP raised its stake in Euronet Worldwide by 45.8% during the 3rd quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock valued at $71,102,000 after purchasing an additional 224,982 shares during the period. Reinhart Partners LLC. raised its stake in Euronet Worldwide by 3.4% during the 4th quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock valued at $64,496,000 after purchasing an additional 20,824 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Euronet Worldwide by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 566,002 shares of the business services provider’s stock valued at $58,208,000 after purchasing an additional 8,015 shares during the period. Institutional investors own 91.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on EEFT shares. Keefe, Bruyette & Woods lifted their target price on Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Oppenheimer reduced their price objective on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Stephens reaffirmed an “overweight” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock opened at $105.72 on Wednesday. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The stock has a 50 day moving average price of $100.18 and a 200-day moving average price of $101.02. Euronet Worldwide, Inc. has a one year low of $91.07 and a one year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.82 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%. Equities analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the company’s 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 transaction, the chief executive officer now owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. This represents a 6.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.50% of the stock is currently owned by corporate insiders.

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.