Swiss National Bank Cuts Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Swiss National Bank decreased its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,000 shares of the business services provider’s stock after selling 1,100 shares during the quarter. Swiss National Bank owned approximately 0.19% of Euronet Worldwide worth $8,639,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Wasatch Advisors LP increased its holdings in shares of Euronet Worldwide by 45.8% in the 3rd quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock valued at $71,102,000 after acquiring an additional 224,982 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in Euronet Worldwide by 13.6% during 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 acquiring an additional 127,240 shares during the period. Quantbot Technologies LP acquired a new stake in Euronet Worldwide during the 3rd quarter worth approximately $4,373,000. Hahn Capital Management LLC lifted its position in Euronet Worldwide by 48.0% during the 4th quarter. Hahn Capital Management LLC now owns 105,278 shares of the business services provider’s stock worth $10,827,000 after acquiring an additional 34,152 shares during the period. Finally, Value Holdings Management CO. LLC lifted its holdings 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 valued at $5,947,000 after buying an additional 31,518 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Trading Down 0.4 %

Shares of EEFT stock opened at $108.01 on Friday. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. The firm’s 50 day moving average price is $100.72 and its two-hundred day moving average price is $101.12.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (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%. On average, analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a report on Thursday, December 12th. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. 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. Keefe, Bruyette & Woods lifted 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. Finally, Oppenheimer lowered their price objective on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.00.

Insider Activity

In related news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. The trade was a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.