Convergence Investment Partners LLC Purchases 6,104 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Convergence Investment Partners LLC boosted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 92.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,720 shares of the business services provider’s stock after acquiring an additional 6,104 shares during the period. Convergence Investment Partners LLC’s holdings in Euronet Worldwide were worth $1,308,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wasatch Advisors LP lifted its stake in shares of Euronet Worldwide by 45.8% in the third quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock valued at $71,102,000 after buying an additional 224,982 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Euronet Worldwide in the third quarter valued at $15,258,000. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Euronet Worldwide by 13.6% in the third 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 buying an additional 127,240 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Euronet Worldwide in the third quarter valued at $4,373,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Euronet Worldwide in the third quarter valued at $4,085,000. Institutional investors own 91.60% of the company’s stock.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the transaction, the chief executive officer now owns 52,370 shares in the company, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $107.31, for a total value of $1,008,392.07. Following the completion of the transaction, the senior vice president now owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. This represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 82,910 shares of company stock worth $8,780,102. 10.50% of the stock is owned by company insiders.

Euronet Worldwide Stock Down 1.2 %

EEFT stock opened at $108.59 on Thursday. 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 company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 0.83 and a beta of 1.43. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. The stock has a fifty day moving average of $101.03 and a 200-day moving average of $101.06.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. As a group, equities research analysts predict that Euronet Worldwide, Inc. will post 8.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Oppenheimer lowered 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. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a report on Thursday, December 12th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods increased their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Finally, StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.