Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 9.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 425,971 shares of the business services provider’s stock after buying an additional 35,391 shares during the quarter. Sei Investments Co. owned approximately 0.97% of Euronet Worldwide worth $43,807,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in shares of Euronet Worldwide in the 4th quarter valued at about $28,000. R Squared Ltd acquired a new position in Euronet Worldwide in the fourth quarter valued at approximately $58,000. Jones Financial Companies Lllp increased its stake in Euronet Worldwide by 485.6% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 709 shares during the last quarter. GAMMA Investing LLC raised its holdings in Euronet Worldwide by 121.3% during the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock worth $98,000 after purchasing an additional 523 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Euronet Worldwide by 26.1% during the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock worth $98,000 after buying an additional 205 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Euronet Worldwide

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

Wall Street Analysts Forecast Growth

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

Euronet Worldwide Stock Up 0.5 %

Euronet Worldwide stock opened at $108.60 on Tuesday. The stock has a 50 day moving average of $100.93 and a two-hundred day moving average of $101.11. Euronet Worldwide, Inc. has a twelve month low of $91.07 and a twelve month high of $117.66. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 0.78 and a beta of 1.37. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share 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%. As a group, research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

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.