Summit Global Investments Takes $928,000 Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Summit Global Investments purchased a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the fourth quarter, Holdings Channel reports. The firm purchased 9,025 shares of the business services provider’s stock, valued at approximately $928,000.

A number of other large investors have also made changes to their positions in EEFT. Proficio Capital Partners LLC purchased a new stake in shares of Euronet Worldwide in the fourth quarter valued at approximately $28,000. R Squared Ltd purchased a new position in Euronet Worldwide in the fourth quarter worth approximately $58,000. Jones Financial Companies Lllp grew its position in Euronet Worldwide by 485.6% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock worth $88,000 after acquiring an additional 709 shares during the period. GAMMA Investing LLC grew its position in Euronet Worldwide by 121.3% in the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock worth $98,000 after acquiring an additional 523 shares during the period. Finally, Blue Trust Inc. grew its position in Euronet Worldwide by 26.1% in the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock worth $98,000 after acquiring an additional 205 shares during the period. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the firm’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 sale, the chief executive officer now directly owns 1,418,966 shares in the company, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.50% of the stock is owned by insiders.

Euronet Worldwide Stock Down 0.4 %

Shares of NASDAQ EEFT opened at $108.01 on Monday. The stock has a market cap of $4.72 billion, a P/E ratio of 16.69, a PEG ratio of 0.78 and a beta of 1.37. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a 12-month low of $91.07 and a 12-month high of $117.66. The business’s fifty day simple moving average is $100.72 and its 200-day simple moving average is $101.07.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. As a group, equities analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EEFT has been the subject of several analyst reports. Oppenheimer lowered their price objective on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Keefe, Bruyette & Woods increased their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Finally, Stephens restated an “overweight” rating and set a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Euronet Worldwide has an average rating of “Moderate Buy” and an average target price of $127.00.

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.