OneDigital Investment Advisors LLC Buys 894 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

OneDigital Investment Advisors LLC raised its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 20.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,226 shares of the business services provider’s stock after buying an additional 894 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Euronet Worldwide were worth $537,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EEFT. Norges Bank purchased a new stake in Euronet Worldwide in the fourth quarter valued at about $53,072,000. Voss Capital LP boosted its position in Euronet Worldwide by 21.9% in the fourth quarter. Voss Capital LP now owns 630,000 shares of the business services provider’s stock valued at $64,789,000 after buying an additional 113,236 shares during the last quarter. First Trust Advisors LP increased its holdings in Euronet Worldwide by 59.0% in the 4th quarter. First Trust Advisors LP now owns 190,612 shares of the business services provider’s stock worth $19,602,000 after buying an additional 70,719 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Euronet Worldwide by 57.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 175,027 shares of the business services provider’s stock worth $18,000,000 after buying an additional 63,785 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Euronet Worldwide by 28.7% during the 4th quarter. Renaissance Technologies LLC now owns 248,345 shares of the business services provider’s stock valued at $25,540,000 after acquiring an additional 55,345 shares during the period. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Michael J. Brown sold 95,000 shares of the business’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 sale, the chief executive officer now owns 1,418,966 shares of the company’s stock, valued at approximately $142,875,686.54. The trade was a 6.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on EEFT shares. William Blair restated an “outperform” rating on shares of Euronet Worldwide in a research note on Thursday. Keefe, Bruyette & Woods decreased their price objective on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating for the company in a research note on Friday. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Stephens restated an “overweight” rating and set a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Finally, Needham & Company LLC decreased their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.57.

Euronet Worldwide Stock Performance

EEFT opened at $96.79 on Monday. 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 firm has a fifty day moving average price of $100.41 and a 200 day moving average price of $101.07. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $117.66. The stock has a market cap of $4.18 billion, a P/E ratio of 14.96, a P/E/G ratio of 0.78 and a beta of 1.18.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly 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%. Equities research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share 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.