Proficio Capital Partners LLC Invests $28,000 in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Proficio Capital Partners LLC purchased a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,870 shares of the business services provider’s stock, valued at approximately $28,000. Proficio Capital Partners LLC owned approximately 0.06% of Euronet Worldwide as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its holdings in shares of Euronet Worldwide by 28.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider’s stock worth $1,236,000 after acquiring an additional 2,632 shares during the last quarter. Holocene Advisors LP purchased a new stake in Euronet Worldwide in the third quarter worth $666,000. Reinhart Partners LLC. lifted its position in Euronet Worldwide by 3.4% during the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock valued at $64,496,000 after buying an additional 20,824 shares during the period. Value Holdings Management CO. LLC grew its stake in shares of Euronet Worldwide by 119.8% in the 4th quarter. Value Holdings Management CO. LLC now owns 57,823 shares of the business services provider’s stock worth $5,947,000 after buying an additional 31,518 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in Euronet Worldwide by 2.0% during the 3rd quarter. Stifel Financial Corp now owns 11,729 shares of the business services provider’s stock valued at $1,164,000 after purchasing an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total value of $9,565,550.00. Following the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This represents a 6.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 10.50% of the stock is owned by insiders.

Euronet Worldwide Stock Performance

Shares of NASDAQ:EEFT opened at $107.13 on Friday. The firm has a 50 day moving average of $101.70 and a 200 day moving average of $101.35. Euronet Worldwide, Inc. has a 52 week low of $91.07 and a 52 week high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 16.56, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. On average, sell-side analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

EEFT has been the subject of a number of research reports. Oppenheimer decreased their target price 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. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Stephens restated an “overweight” rating and issued a $130.00 target price on shares of Euronet Worldwide in a report on Friday, February 14th. Keefe, Bruyette & Woods boosted their price objective on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Euronet Worldwide presently has an average rating of “Moderate Buy” and an average target price of $125.86.

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.