Kavar Capital Partners Group LLC Cuts Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Kavar Capital Partners Group LLC lowered its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,918 shares of the business services provider’s stock after selling 244 shares during the period. Kavar Capital Partners Group LLC owned about 0.06% of Euronet Worldwide worth $2,563,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Thompson Siegel & Walmsley LLC grew its holdings in Euronet Worldwide by 5.4% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock worth $16,004,000 after acquiring an additional 8,230 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Euronet Worldwide in the 3rd quarter worth about $15,258,000. Holocene Advisors LP bought a new stake in Euronet Worldwide during the 3rd quarter valued at approximately $666,000. Reinhart Partners LLC. boosted its position in shares of Euronet Worldwide by 3.4% during the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock valued at $64,496,000 after purchasing an additional 20,824 shares in the last quarter. Finally, Value Holdings Management CO. LLC lifted its position in Euronet Worldwide by 119.8% during the fourth quarter. Value Holdings Management CO. LLC now owns 57,823 shares of the business services provider’s stock valued at $5,947,000 after buying an additional 31,518 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the transaction, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the transaction, the senior vice president now directly owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,910 shares of company stock valued at $8,780,102. Insiders own 10.50% of the company’s stock.

Euronet Worldwide Price Performance

NASDAQ EEFT opened at $98.34 on Monday. 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’s 50 day moving average price is $102.59 and its 200-day moving average price is $101.30. Euronet Worldwide, Inc. has a 52-week low of $91.07 and a 52-week high of $117.66. The company has a market cap of $4.32 billion, a PE ratio of 14.21, a P/E/G ratio of 0.78 and a beta of 1.44.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same period last year, the firm earned $2.53 earnings per share. Sell-side analysts forecast that Euronet Worldwide, Inc. will post 7.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on EEFT shares. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, January 20th. Oppenheimer reduced their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. 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. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Finally, Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.25.

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.