Vestcor Inc Buys 1,517 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Vestcor Inc lifted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 73.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,595 shares of the business services provider’s stock after acquiring an additional 1,517 shares during the period. Vestcor Inc’s holdings in Euronet Worldwide were worth $370,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC purchased a new stake in Euronet Worldwide during the fourth quarter valued at about $28,000. R Squared Ltd bought a new position in shares of Euronet Worldwide during the 4th quarter valued at about $58,000. Jones Financial Companies Lllp raised its holdings in shares of Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock valued at $88,000 after buying an additional 709 shares in the last quarter. GAMMA Investing LLC lifted its position in 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 buying an additional 523 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Euronet Worldwide by 26.1% in the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock worth $98,000 after buying an additional 205 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EEFT has been the subject of a number of recent research reports. Stephens restated an “overweight” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. 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 cut 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. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Finally, Keefe, Bruyette & Woods boosted their target price on Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $127.00.

Euronet Worldwide Price Performance

Shares of EEFT stock opened at $105.07 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. The firm has a market cap of $4.60 billion, a P/E ratio of 16.24, a P/E/G ratio of 0.78 and a beta of 1.37. The business’s 50 day moving average price is $100.06 and its 200-day moving average price is $101.04. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last issued 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 net margin of 7.69% and a return on equity of 27.74%. On average, equities research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the sale, the chief executive officer now directly owns 1,418,966 shares in the company, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 10.50% of the stock is owned by corporate insiders.

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.