Loomis Sayles & Co. L P Sells 231,037 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Loomis Sayles & Co. L P cut its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 59.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,583 shares of the business services provider’s stock after selling 231,037 shares during the period. Loomis Sayles & Co. L P owned about 0.36% of Euronet Worldwide worth $16,103,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its position in shares of Euronet Worldwide by 0.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider’s stock worth $340,955,000 after buying an additional 16,220 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Euronet Worldwide by 13.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock worth $105,604,000 after acquiring an additional 127,240 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Euronet Worldwide by 45.8% in the third quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock worth $71,102,000 after acquiring an additional 224,982 shares during the last quarter. Reinhart Partners LLC. boosted its stake in shares of Euronet Worldwide by 3.4% in the 4th 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, Charles Schwab Investment Management Inc. grew its holdings in shares of Euronet Worldwide by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 566,002 shares of the business services provider’s stock valued at $58,208,000 after purchasing an additional 8,015 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. The trade was a 6.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 10.50% of the company’s stock.

Euronet Worldwide Price Performance

Euronet Worldwide stock opened at $107.13 on Friday. The stock’s 50 day moving average is $101.70 and its 200 day moving average is $101.35. Euronet Worldwide, Inc. has a one year low of $91.07 and a one year high of $117.66. The firm has a market cap of $4.69 billion, a P/E ratio of 16.56, 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 (NASDAQ:EEFT) last issued its quarterly earnings results 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%. As a group, research analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EEFT. Stephens restated an “overweight” rating and issued a $130.00 target price 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. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research report on Thursday, December 12th. Oppenheimer reduced their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.