National Bank of Canada FI Has $3.81 Million Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

National Bank of Canada FI increased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 45,059.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 37,031 shares of the business services provider’s stock after purchasing an additional 36,949 shares during the period. National Bank of Canada FI’s holdings in Euronet Worldwide were worth $3,808,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EEFT. Proficio Capital Partners LLC acquired a new stake in shares of Euronet Worldwide in the fourth quarter valued at approximately $28,000. R Squared Ltd acquired a new stake in Euronet Worldwide during the 4th quarter valued at $58,000. Jones Financial Companies Lllp boosted 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 worth $88,000 after purchasing an additional 709 shares during the period. GAMMA Investing LLC increased its holdings in shares of Euronet Worldwide by 121.3% in the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 523 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Euronet Worldwide by 26.1% in the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 205 shares during the period. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Stock Performance

EEFT opened at $89.81 on Tuesday. 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, Inc. has a 52-week low of $85.36 and a 52-week high of $117.66. The firm has a market cap of $3.93 billion, a P/E ratio of 13.88, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The business’s fifty day moving average is $102.04 and its 200-day moving average is $101.51.

Euronet Worldwide (NASDAQ:EEFT) last announced 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 return on equity of 27.74% and a net margin of 7.69%. Sell-side analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Euronet Worldwide 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 value of $9,565,550.00. Following the sale, the chief executive officer now 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 position. The sale was disclosed in a document filed with the SEC, 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 brokerages recently commented on EEFT. Oppenheimer decreased their price target 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. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Stephens restated an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, February 14th. Keefe, Bruyette & Woods increased their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Euronet Worldwide has an average rating of “Moderate Buy” and an average target price of $125.86.

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.