Euronet Worldwide, Inc. (NASDAQ:EEFT) is Van Berkom & Associates Inc.’s 4th Largest Position

Van Berkom & Associates Inc. lowered its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,092,333 shares of the business services provider’s stock after selling 13,536 shares during the period. Euronet Worldwide makes up approximately 3.3% of Van Berkom & Associates Inc.’s holdings, making the stock its 4th largest holding. Van Berkom & Associates Inc.’s holdings in Euronet Worldwide were worth $112,336,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its stake in shares of Euronet Worldwide by 0.7% during the third quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock worth $1,793,000 after purchasing an additional 133 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Euronet Worldwide by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock worth $2,540,000 after buying an additional 158 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Euronet Worldwide by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider’s stock worth $486,000 after buying an additional 170 shares in the last quarter. Quarry LP raised its holdings in shares of Euronet Worldwide by 21.6% during 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 lifted its position in shares of 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 valued at $2,394,000 after acquiring an additional 196 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Price Performance

Euronet Worldwide stock opened at $106.04 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average price of $101.08 and a 200 day moving average price of $101.09. Euronet Worldwide, Inc. has a 12-month low of $91.07 and a 12-month high of $117.66. The stock has a market cap of $4.66 billion, a P/E ratio of 16.39, a PEG ratio of 0.81 and a beta of 1.43.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (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%. Sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.07 earnings per share for the current year.

Insiders Place Their Bets

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the transaction, the chief executive officer now owns 52,370 shares of the company’s stock, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the completion of the sale, the chief executive officer now directly owns 90,288 shares in the company, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,910 shares of company stock valued at $8,780,102 over the last quarter. 10.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on EEFT. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. Oppenheimer dropped their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Keefe, Bruyette & Woods raised their price target on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Finally, Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.00.

Euronet Worldwide 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.