IVC Wealth Advisors LLC Acquires 1,133 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

IVC Wealth Advisors LLC lifted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 51.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,317 shares of the business services provider’s stock after purchasing an additional 1,133 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Euronet Worldwide were worth $341,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of EEFT. Janney Montgomery Scott LLC increased its position in shares of Euronet Worldwide by 28.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider’s stock worth $1,236,000 after acquiring an additional 2,632 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Euronet Worldwide by 47.5% in the 4th quarter. SG Americas Securities LLC now owns 3,225 shares of the business services provider’s stock valued at $332,000 after purchasing an additional 1,038 shares during the period. Sheets Smith Wealth Management lifted its holdings in shares of Euronet Worldwide by 6.7% in the fourth quarter. Sheets Smith Wealth Management now owns 9,678 shares of the business services provider’s stock valued at $995,000 after purchasing an additional 606 shares in the last quarter. Ellsworth Advisors LLC boosted its position in shares of Euronet Worldwide by 18.6% during the fourth quarter. Ellsworth Advisors LLC now owns 7,083 shares of the business services provider’s stock worth $728,000 after buying an additional 1,111 shares during the period. Finally, Value Holdings Management CO. LLC grew its holdings in shares of 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 worth $5,947,000 after buying an additional 31,518 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Martin L. Bruckner sold 9,397 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the transaction, the senior vice president now directly owns 39,983 shares in the company, valued at approximately $4,290,575.73. This represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the completion of the sale, the chief executive officer now owns 90,288 shares of the company’s stock, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,910 shares of company stock worth $8,780,102 over the last three months. Insiders own 10.50% of the company’s stock.

Euronet Worldwide Stock Down 1.4 %

EEFT opened at $96.78 on Friday. The stock’s fifty day simple moving average is $102.66 and its 200 day simple moving average is $101.31. Euronet Worldwide, Inc. has a 1-year low of $91.07 and a 1-year high of $117.66. The stock has a market cap of $4.25 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the company posted $2.53 EPS. As a group, research analysts expect that Euronet Worldwide, Inc. will post 7.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

EEFT has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. Oppenheimer reduced their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. DA Davidson reissued a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Finally, Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their price target for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.