2,320 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Acquired by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,320 shares of the business services provider’s stock, valued at approximately $239,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Euronet Worldwide by 121.3% in the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock worth $98,000 after purchasing an additional 523 shares in the last quarter. Mendota Financial Group LLC acquired a new position in Euronet Worldwide during the third quarter worth $100,000. Quarry LP lifted its stake in shares of Euronet Worldwide by 21.6% in the third 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 in the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Euronet Worldwide during the third quarter valued at about $109,000. Finally, 1620 Investment Advisors Inc. increased its position in shares of Euronet Worldwide by 53.3% during the third quarter. 1620 Investment Advisors Inc. now owns 1,191 shares of the business services provider’s stock worth $118,000 after acquiring an additional 414 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

Shares of EEFT stock opened at $98.34 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 0.78 and a beta of 1.44. Euronet Worldwide, Inc. has a 52 week low of $91.07 and a 52 week high of $117.66. The firm’s 50-day simple moving average is $102.59 and its two-hundred day simple moving average is $101.28.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, beating the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the business earned $2.53 earnings per share. As a group, equities analysts forecast that Euronet Worldwide, Inc. will post 7.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on EEFT shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. DA Davidson restated a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, January 20th. Oppenheimer dropped their price objective on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Finally, Citigroup lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.25.

Insider Activity

In other news, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was 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 directly owns 52,370 shares of the company’s stock, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $106.61, for a total value of $5,547,344.74. Following the sale, the chief executive officer now owns 90,288 shares in the company, valued at approximately $9,625,603.68. The trade was a 36.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,910 shares of company stock valued at $8,780,102 in the last 90 days. Insiders own 10.50% of the company’s stock.

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.