Tocqueville Asset Management L.P. lowered its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 55.4% in the 4th quarter, HoldingsChannel reports. The fund owned 3,604 shares of the business services provider’s stock after selling 4,476 shares during the period. Tocqueville Asset Management L.P.’s holdings in Euronet Worldwide were worth $568,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. purchased a new stake in Euronet Worldwide in the 3rd quarter worth about $29,000. Quad Cities Investment Group LLC purchased a new stake in Euronet Worldwide in the 3rd quarter worth about $29,000. Usca Ria LLC purchased a new stake in Euronet Worldwide in the 3rd quarter worth about $29,000. Ropes Wealth Advisors LLC increased its holdings in Euronet Worldwide by 114.5% in the 3rd quarter. Ropes Wealth Advisors LLC now owns 236 shares of the business services provider’s stock worth $35,000 after acquiring an additional 126 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Euronet Worldwide in the 3rd quarter worth about $66,000. 92.33% of the stock is owned by institutional investors.
Several brokerages recently weighed in on EEFT. BidaskClub raised Euronet Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, January 14th. Needham & Company LLC reissued a “buy” rating and issued a $175.00 price objective on shares of Euronet Worldwide in a report on Monday, November 18th. ValuEngine lowered Euronet Worldwide from a “hold” rating to a “sell” rating in a report on Saturday, January 4th. DA Davidson lifted their target price on Euronet Worldwide from $174.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Northland Securities reaffirmed a “buy” rating and set a $175.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. Euronet Worldwide currently has an average rating of “Buy” and an average price target of $172.56.
EEFT stock opened at $164.31 on Friday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $8.80 billion, a PE ratio of 30.26, a PEG ratio of 2.11 and a beta of 1.08. Euronet Worldwide, Inc. has a twelve month low of $109.80 and a twelve month high of $171.25. The stock has a 50-day simple moving average of $158.09 and a two-hundred day simple moving average of $153.74.
Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $2.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.73 by $0.04. The business had revenue of $787.00 million during the quarter, compared to analyst estimates of $820.11 million. Euronet Worldwide had a return on equity of 26.78% and a net margin of 11.10%. On average, equities research analysts anticipate that Euronet Worldwide, Inc. will post 6.71 EPS for the current fiscal year.
In other news, CEO Nikos Fountas sold 70,755 shares of Euronet Worldwide stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $157.36, for a total transaction of $11,134,006.80. Following the completion of the sale, the chief executive officer now owns 40,505 shares in the company, valued at approximately $6,373,866.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Martin L. Bruckner sold 12,893 shares of Euronet Worldwide stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $153.97, for a total value of $1,985,135.21. Following the sale, the senior vice president now owns 17,898 shares of the company’s stock, valued at approximately $2,755,755.06. The disclosure for this sale can be found here. Insiders have sold a total of 125,778 shares of company stock valued at $19,588,030 in the last ninety days. Insiders own 6.40% of the company’s stock.
Euronet Worldwide Company Profile
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company's Electronic Financial Transaction (EFT) 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 card outsourcing, card issuing, and merchant acquiring services.
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