Yousif Capital Management LLC Has $1.50 Million Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Yousif Capital Management LLC lowered its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,554 shares of the business services provider’s stock after selling 944 shares during the period. Yousif Capital Management LLC’s holdings in Euronet Worldwide were worth $1,497,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of EEFT. Oppenheimer & Co. Inc. increased its holdings in Euronet Worldwide by 0.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock valued at $1,793,000 after buying an additional 133 shares during the period. HighTower Advisors LLC boosted its position in shares of Euronet Worldwide by 0.6% during the 3rd quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock worth $2,540,000 after acquiring an additional 158 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Euronet Worldwide by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider’s stock worth $486,000 after acquiring an additional 170 shares in the last quarter. Quarry LP increased its stake in Euronet Worldwide by 21.6% in the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 193 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Euronet Worldwide by 26.1% during the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EEFT shares. Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their price target for the company from $118.00 to $110.00 in a research note 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 report on Thursday, December 12th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Finally, Oppenheimer lowered their price objective 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. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $127.14.

Euronet Worldwide Stock Down 1.5 %

Shares of NASDAQ EEFT opened at $94.42 on Thursday. The company has a 50 day simple moving average of $100.79 and a 200 day simple moving average of $100.83. 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 1 year low of $91.07 and a 1 year high of $117.66. The firm has a market cap of $4.15 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 0.77 and a beta of 1.43.

Insider Activity

In other news, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the transaction, the chief executive officer now directly owns 52,370 shares in the company, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were 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 in the company, valued at $9,625,603.68. The trade was a 36.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,910 shares of company stock valued at $8,780,102. Insiders own 10.50% of the company’s stock.

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.