Blue Trust Inc. Buys 205 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Blue Trust Inc. raised its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 26.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 989 shares of the business services provider’s stock after acquiring an additional 205 shares during the period. Blue Trust Inc.’s holdings in Euronet Worldwide were worth $98,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new position in Euronet Worldwide in the second quarter worth about $200,000. Reinhart Partners LLC. raised its holdings in Euronet Worldwide by 8.5% in the 3rd 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. Mendota Financial Group LLC bought a new position in Euronet Worldwide in the 3rd quarter valued at approximately $100,000. Fiduciary Financial Group LLC boosted its stake in Euronet Worldwide by 20.8% during the 3rd quarter. Fiduciary Financial Group LLC now owns 2,820 shares of the business services provider’s stock valued at $271,000 after purchasing an additional 486 shares during the last quarter. Finally, Oliver Luxxe Assets LLC increased its holdings in shares of Euronet Worldwide by 148.4% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 18,652 shares of the business services provider’s stock worth $1,851,000 after purchasing an additional 11,144 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analysts Set New Price Targets

EEFT has been the subject of a number of research analyst reports. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their target price for the stock from $118.00 to $110.00 in a research report on Friday, October 18th. StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research report on Thursday, December 12th. Oppenheimer reduced 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 report on Thursday, December 19th. Finally, Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.14.

Insiders Place Their Bets

In other Euronet Worldwide news, SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the transaction, the senior vice president now directly owns 39,983 shares in the company, valued at $4,290,575.73. This trade represents a 19.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the completion of the sale, the chief executive officer now directly owns 90,288 shares of the company’s stock, valued at approximately $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,910 shares of company stock valued at $8,780,102 over the last 90 days. Insiders own 10.50% of the company’s stock.

Euronet Worldwide Price Performance

NASDAQ:EEFT opened at $96.98 on Friday. The business’s 50-day moving average is $101.52 and its 200 day moving average is $100.94. Euronet Worldwide, Inc. has a 12 month low of $91.07 and a 12 month high of $117.66. The company has a market capitalization of $4.26 billion, a P/E ratio of 14.01, a P/E/G ratio of 0.78 and a beta of 1.43. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

About Euronet Worldwide

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.