Euronet Worldwide, Inc. (NASDAQ:EEFT) Stake Trimmed by New South Capital Management Inc.

New South Capital Management Inc. lowered its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 611,543 shares of the business services provider’s stock after selling 4,604 shares during the quarter. Euronet Worldwide makes up 2.6% of New South Capital Management Inc.’s investment portfolio, making the stock its 10th largest holding. New South Capital Management Inc. owned about 1.39% of Euronet Worldwide worth $62,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new position in Euronet Worldwide in the 4th quarter worth about $28,000. Cornerstone Investment Partners LLC increased its stake in Euronet Worldwide by 4.4% in the 4th quarter. Cornerstone Investment Partners LLC now owns 5,868 shares of the business services provider’s stock worth $603,000 after purchasing an additional 248 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in 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 purchasing an additional 8,015 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Euronet Worldwide by 485.6% in the 4th 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 in the last quarter. Finally, Hahn Capital Management LLC boosted its position in Euronet Worldwide by 48.0% during the 4th quarter. Hahn Capital Management LLC now owns 105,278 shares of the business services provider’s stock worth $10,827,000 after acquiring an additional 34,152 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insider Buying and Selling

In related news, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 52,370 shares in the company, valued at approximately $5,423,437.20. The trade was a 29.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 10.50% of the company’s stock.

Euronet Worldwide Stock Up 1.3 %

Shares of Euronet Worldwide stock opened at $96.99 on Thursday. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 0.78 and a beta of 1.37. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. Euronet Worldwide, Inc. has a 52-week low of $91.07 and a 52-week high of $117.66. The stock has a 50-day simple moving average of $100.47 and a 200-day simple moving average of $101.29.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. On average, equities research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on EEFT. Stephens restated an “overweight” rating and set a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, February 14th. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Keefe, Bruyette & Woods raised 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. Oppenheimer decreased their price objective on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Euronet Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $127.00.

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.