Rhumbline Advisers Reduces Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Rhumbline Advisers lowered its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,812 shares of the business services provider’s stock after selling 5,255 shares during the quarter. Rhumbline Advisers owned 0.26% of Euronet Worldwide worth $11,602,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue increased its position in 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 purchasing an additional 170 shares in the last quarter. Custom Index Systems LLC purchased a new stake in shares of Euronet Worldwide during the 3rd quarter valued at about $387,000. IVC Wealth Advisors LLC purchased a new stake in shares of Euronet Worldwide during the 3rd quarter valued at about $217,000. Trajan Wealth LLC purchased a new stake in Euronet Worldwide during the 3rd quarter worth approximately $203,000. Finally, New York State Teachers Retirement System increased its holdings in shares of Euronet Worldwide by 12.7% in the 3rd quarter. New York State Teachers Retirement System now owns 23,081 shares of the business services provider’s stock valued at $2,290,000 after acquiring an additional 2,599 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday. Oppenheimer dropped their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. Finally, Stephens reissued an “overweight” rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $127.00.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of the business’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 transaction, the chief executive officer now owns 52,370 shares in the company, valued at $5,423,437.20. The trade was a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 10.50% of the company’s stock.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT opened at $101.39 on Monday. The business’s 50-day moving average price is $101.04 and its two-hundred day moving average price is $101.24. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 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 company has a market capitalization of $4.45 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 0.78 and a beta of 1.43.

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

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.