Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 28.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,014 shares of the business services provider’s stock after acquiring an additional 2,632 shares during the period. Janney Montgomery Scott LLC’s holdings in Euronet Worldwide were worth $1,236,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in EEFT. Wasatch Advisors LP boosted its position in Euronet Worldwide by 45.8% during the 3rd quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock valued at $71,102,000 after purchasing an additional 224,982 shares during the period. Los Angeles Capital Management LLC bought a new stake in Euronet Worldwide in the third quarter valued at $15,258,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Euronet Worldwide by 13.6% during 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 acquiring an additional 127,240 shares during the period. Reinhart Partners LLC. grew its position in shares of Euronet Worldwide by 8.5% during the third quarter. Reinhart Partners LLC. now owns 606,325 shares of the business services provider’s stock worth $60,166,000 after acquiring an additional 47,469 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Euronet Worldwide in the 3rd quarter worth about $4,373,000. 91.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EEFT has been the topic of a number of recent analyst reports. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, January 20th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. DA Davidson reissued a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday, December 12th. Finally, Oppenheimer dropped their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.14.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $98.94 on Wednesday. Euronet Worldwide, Inc. has a 52 week low of $91.07 and a 52 week high of $117.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $4.35 billion, a PE ratio of 14.30, a PEG ratio of 0.78 and a beta of 1.43. The company’s 50 day moving average price is $101.79 and its 200 day moving average price is $100.98.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the completion of the sale, the chief executive officer now owns 90,288 shares of the company’s stock, valued at $9,625,603.68. The trade was a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nikos Fountas sold 21,479 shares of the company’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 sale, the chief executive officer now owns 52,370 shares of the company’s stock, valued at approximately $5,423,437.20. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,910 shares of company stock valued at $8,780,102. 10.50% of the stock is owned by insiders.

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. 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.