Euronet Worldwide, Inc. (NASDAQ:EEFT) Stock Holdings Decreased by Meeder Asset Management Inc.

Meeder Asset Management Inc. lowered its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 78.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,094 shares of the business services provider’s stock after selling 34,058 shares during the quarter. Meeder Asset Management Inc.’s holdings in Euronet Worldwide were worth $935,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new position in Euronet Worldwide during the 4th quarter valued at about $58,000. Jones Financial Companies Lllp grew its position in Euronet Worldwide by 485.6% during the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 709 shares in the last quarter. GAMMA Investing LLC increased its stake in Euronet Worldwide by 121.3% in the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock valued at $98,000 after buying an additional 523 shares during the period. Blue Trust Inc. boosted its stake in shares of Euronet Worldwide by 26.1% during the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after buying an additional 205 shares during the period. Finally, Quarry LP boosted its stake in shares of Euronet Worldwide by 21.6% during the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after buying an additional 193 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Trading Down 0.3 %

Shares of EEFT stock opened at $106.85 on Tuesday. Euronet Worldwide, Inc. has a 12 month low of $91.07 and a 12 month high of $117.66. The company has a market cap of $4.67 billion, a PE ratio of 16.51, 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. The business’s 50 day moving average is $101.85 and its two-hundred day moving average is $101.49.

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

Insider Transactions at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was 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 directly owns 1,418,966 shares of the company’s stock, valued at approximately $142,875,686.54. This represents a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EEFT has been the subject of several recent research reports. Stephens reiterated an “overweight” rating and set a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th. Oppenheimer lowered their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.86.

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.