Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Acquired by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC boosted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,868 shares of the business services provider’s stock after buying an additional 248 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in Euronet Worldwide were worth $603,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EEFT. Thompson Siegel & Walmsley LLC grew its holdings in shares of Euronet Worldwide by 5.4% during the third quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock worth $16,004,000 after purchasing an additional 8,230 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Euronet Worldwide by 28.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider’s stock valued at $1,236,000 after acquiring an additional 2,632 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Euronet Worldwide during the 3rd quarter valued at approximately $15,258,000. Holocene Advisors LP acquired a new stake in shares of Euronet Worldwide during the 3rd quarter valued at approximately $666,000. Finally, Reinhart Partners LLC. lifted its position in shares of Euronet Worldwide by 3.4% during the 4th quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock valued at $64,496,000 after acquiring an additional 20,824 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

EEFT opened at $99.30 on Tuesday. The company has a 50-day moving average of $100.76 and a 200-day moving average of $101.35. The company has a market capitalization of $4.34 billion, a P/E ratio of 15.35, a PEG ratio of 0.78 and a beta of 1.43. Euronet Worldwide, Inc. has a 1-year low of $91.07 and a 1-year high of $117.66. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25.

Euronet Worldwide (NASDAQ:EEFT) last released 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%. Equities analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CEO Nikos Fountas sold 21,479 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the transaction, the chief executive officer now owns 52,370 shares in the company, valued at $5,423,437.20. This represents a 29.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 10.50% of the company’s stock.

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.