Mawer Investment Management Ltd. Has $18.14 Million Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Mawer Investment Management Ltd. raised its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 15.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 176,384 shares of the business services provider’s stock after acquiring an additional 23,255 shares during the period. Mawer Investment Management Ltd.’s holdings in Euronet Worldwide were worth $18,139,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in shares of Euronet Worldwide by 0.6% during the 3rd quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock valued at $2,540,000 after buying an additional 158 shares during the last quarter. Xponance Inc. increased its holdings in Euronet Worldwide by 3.6% in the fourth quarter. Xponance Inc. now owns 4,790 shares of the business services provider’s stock worth $493,000 after buying an additional 166 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Euronet Worldwide by 2.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider’s stock valued at $768,000 after acquiring an additional 169 shares in the last quarter. Quarry LP lifted its stake in Euronet Worldwide by 21.6% in the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 193 shares during the last quarter. Finally, New York State Teachers Retirement System grew its position in Euronet Worldwide by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 23,277 shares of the business services provider’s stock worth $2,394,000 after acquiring an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

NASDAQ EEFT opened at $107.13 on Friday. The company’s fifty day moving average is $101.70 and its two-hundred day moving average is $101.39. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 0.78 and a beta of 1.37. 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, Inc. has a 52-week low of $91.07 and a 52-week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly 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 research analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Insider Activity

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the sale, the chief executive officer now directly owns 1,418,966 shares of the company’s stock, valued at approximately $142,875,686.54. This represents a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Oppenheimer cut their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Keefe, Bruyette & Woods boosted their price target 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. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, Stephens restated an “overweight” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.86.

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.