Crossmark Global Holdings Inc. Trims Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Crossmark Global Holdings Inc. lowered its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 68.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,239 shares of the business services provider’s stock after selling 7,005 shares during the period. Crossmark Global Holdings Inc.’s holdings in Euronet Worldwide were worth $333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wasatch Advisors LP boosted its holdings in shares of Euronet Worldwide by 45.8% during the third quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock worth $71,102,000 after purchasing an additional 224,982 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Euronet Worldwide during the third quarter worth about $15,258,000. Hotchkis & Wiley Capital Management LLC boosted its stake in Euronet Worldwide by 13.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock worth $105,604,000 after buying an additional 127,240 shares during the last quarter. Marshall Wace LLP purchased a new stake in Euronet Worldwide in the 2nd quarter valued at about $9,047,000. Finally, AQR Capital Management LLC increased its stake in shares of Euronet Worldwide by 36.6% during the 2nd quarter. AQR Capital Management LLC now owns 272,430 shares of the business services provider’s stock valued at $28,197,000 after acquiring an additional 73,053 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT opened at $98.34 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. Euronet Worldwide, Inc. has a one year low of $91.07 and a one year high of $117.66. The business’s 50-day moving average price is $102.59 and its two-hundred day moving average price is $101.30. The company has a market capitalization of $4.32 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 0.78 and a beta of 1.44.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business posted $2.53 earnings per share. Analysts anticipate that Euronet Worldwide, Inc. will post 7.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on EEFT shares. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, January 20th. DA Davidson reiterated a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Oppenheimer cut their price objective on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Finally, Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.25.

Insider Transactions at Euronet Worldwide

In related news, SVP Martin L. Bruckner sold 9,397 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the completion of the sale, the senior vice president now owns 39,983 shares in the company, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nikos Fountas sold 21,479 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the transaction, the chief executive officer now owns 52,370 shares of the company’s stock, valued at $5,423,437.20. The trade was a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,910 shares of company stock worth $8,780,102. Company insiders own 10.50% of the company’s stock.

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.