Sei Investments Co. Grows Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Sei Investments Co. grew its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 9.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 425,971 shares of the business services provider’s stock after acquiring an additional 35,391 shares during the period. Sei Investments Co.’s holdings in Euronet Worldwide were worth $43,807,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of Euronet Worldwide by 0.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider’s stock valued at $340,955,000 after purchasing an additional 16,220 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in Euronet Worldwide by 13.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock valued at $105,604,000 after buying an additional 127,240 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of Euronet Worldwide by 45.8% during 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 period. Reinhart Partners LLC. boosted its stake 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 worth $64,496,000 after acquiring an additional 20,824 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Euronet Worldwide by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 566,002 shares of the business services provider’s stock worth $58,208,000 after acquiring an additional 8,015 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. 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 research report on Friday, February 14th. Oppenheimer lowered 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. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a research report on Thursday, December 12th. Finally, Stephens reiterated an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. Four investment 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

Euronet Worldwide Trading Up 0.5 %

Shares of EEFT stock opened at $108.60 on Tuesday. The company has a market capitalization of $4.75 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 0.78 and a beta of 1.37. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average price of $100.93 and a 200 day moving average price of $101.11. Euronet Worldwide, Inc. has a twelve month low of $91.07 and a twelve month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data 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%. Research analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

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.