Cambiar Investors LLC Trims Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Cambiar Investors LLC trimmed its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 10.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 106,437 shares of the business services provider’s stock after selling 11,794 shares during the period. Cambiar Investors LLC’s holdings in Euronet Worldwide were worth $10,946,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Euronet Worldwide in the fourth quarter worth approximately $58,000. GAMMA Investing LLC increased its holdings in Euronet Worldwide by 121.3% during the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock worth $98,000 after purchasing an additional 523 shares during the period. Blue Trust Inc. increased its holdings in Euronet Worldwide by 26.1% during the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock worth $98,000 after purchasing an additional 205 shares during the period. Quarry LP increased its holdings in Euronet Worldwide by 21.6% during the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock worth $108,000 after purchasing an additional 193 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in Euronet Worldwide during the 3rd quarter worth $109,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Down 0.3 %

Shares of NASDAQ EEFT opened at $96.69 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.25 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 0.77 and a beta of 1.43. The stock’s fifty day simple moving average is $101.18 and its two-hundred day simple moving average is $100.91. Euronet Worldwide, Inc. has a 12-month low of $91.07 and a 12-month high of $117.66.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, January 20th. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday, December 12th. Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Oppenheimer reduced 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, Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Three research 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.14.

Insider Transactions at Euronet Worldwide

In other news, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 52,370 shares of the company’s stock, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was 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 directly owns 90,288 shares of the company’s stock, valued at $9,625,603.68. The trade was a 36.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,910 shares of company stock valued at $8,780,102 in the last quarter. 10.50% of the stock is currently owned by corporate insiders.

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.