Natixis Advisors LLC Sells 2,743 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Natixis Advisors LLC decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 101,263 shares of the business services provider’s stock after selling 2,743 shares during the quarter. Natixis Advisors LLC’s holdings in Euronet Worldwide were worth $10,414,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP grew its position in Euronet Worldwide by 45.8% in the 3rd quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock worth $71,102,000 after purchasing an additional 224,982 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Euronet Worldwide by 13.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock worth $105,604,000 after buying an additional 127,240 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Euronet Worldwide in the third quarter valued at approximately $4,373,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Euronet Worldwide during the third quarter valued at approximately $4,085,000. Finally, Hahn Capital Management LLC lifted its holdings in Euronet Worldwide by 48.0% during the fourth quarter. Hahn Capital Management LLC now owns 105,278 shares of the business services provider’s stock worth $10,827,000 after acquiring an additional 34,152 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity 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 shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the transaction, the chief executive officer now directly owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.50% of the stock is owned by corporate insiders.

Euronet Worldwide Trading Up 2.0 %

NASDAQ:EEFT opened at $107.81 on Thursday. Euronet Worldwide, Inc. has a 1 year low of $91.07 and a 1 year high of $117.66. The stock’s fifty day moving average price is $100.33 and its two-hundred day moving average price is $101.07. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. The company has a market cap of $4.72 billion, a P/E ratio of 16.66, a P/E/G ratio of 0.78 and a beta of 1.37.

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

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.