Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.5% during the 4th quarter, Holdings Channel reports. The fund owned 17,444 shares of the business services provider’s stock after selling 630 shares during the period. Oppenheimer & Co. Inc.’s holdings in Euronet Worldwide were worth $1,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Euronet Worldwide in the fourth quarter valued at $58,000. 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 valued at $98,000 after buying an additional 523 shares during the period. Blue Trust Inc. lifted its holdings in shares of Euronet Worldwide by 26.1% in the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after buying an additional 205 shares during the period. Quarry LP boosted 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 worth $108,000 after buying an additional 193 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in Euronet Worldwide during the third quarter worth about $109,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EEFT. Stephens reissued an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a report on Thursday, December 12th. Keefe, Bruyette & Woods raised their price target on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Oppenheimer decreased their price objective 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. Finally, StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Euronet Worldwide has a consensus rating of “Moderate Buy” and an average price target of $127.00.

Euronet Worldwide Stock Down 3.1 %

EEFT stock opened at $99.30 on Tuesday. Euronet Worldwide, Inc. has a 52 week low of $91.07 and a 52 week high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The firm has a 50-day simple moving average of $100.76 and a 200-day simple moving average of $101.35. The stock has a market capitalization of $4.34 billion, a P/E ratio of 15.35, a P/E/G ratio of 0.78 and a beta of 1.43.

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

Insider Buying and Selling

In other Euronet Worldwide 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 transaction, the chief executive officer now owns 52,370 shares in the company, valued at approximately $5,423,437.20. This trade represents a 29.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.50% of the stock is owned by company insiders.

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.