Fox Run Management L.L.C. Takes Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Fox Run Management L.L.C. acquired a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,671 shares of the business services provider’s stock, valued at approximately $789,000.

A number of other large investors have also made changes to their positions in EEFT. Daiwa Securities Group Inc. bought a new stake in Euronet Worldwide in the third quarter valued at about $109,000. Quantbot Technologies LP bought a new stake in Euronet Worldwide in the third quarter valued at about $4,373,000. FMR LLC increased its stake in Euronet Worldwide by 21.1% in the third quarter. FMR LLC now owns 75,216 shares of the business services provider’s stock valued at $7,464,000 after acquiring an additional 13,093 shares during the period. Bridgewater Associates LP increased its stake in Euronet Worldwide by 82.8% in the third quarter. Bridgewater Associates LP now owns 50,132 shares of the business services provider’s stock valued at $4,975,000 after acquiring an additional 22,701 shares during the period. Finally, CreativeOne Wealth LLC bought a new stake in Euronet Worldwide in the third quarter valued at about $260,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,418,966 shares of the company’s stock, valued at approximately $142,875,686.54. This trade represents a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Stephens reaffirmed an “overweight” rating and set a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Keefe, Bruyette & Woods upped their price objective on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Finally, Oppenheimer decreased their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Four 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $127.00.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $108.01 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. The firm has a market cap of $4.72 billion, a P/E ratio of 16.69, a P/E/G ratio of 0.78 and a beta of 1.37. The firm has a 50 day simple moving average of $100.72 and a 200 day simple moving average of $101.07. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share 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%. Sell-side analysts predict 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.