Abacus FCF Advisors LLC Increases Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Abacus FCF Advisors LLC lifted its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 45.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,448 shares of the business services provider’s stock after purchasing an additional 4,216 shares during the period. Abacus FCF Advisors LLC’s holdings in Euronet Worldwide were worth $1,383,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Euronet Worldwide in the 4th quarter worth about $58,000. Aster Capital Management DIFC Ltd grew its position in shares of Euronet Worldwide by 15,240.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 762 shares during the period. Jones Financial Companies Lllp increased its stake 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 worth $88,000 after purchasing an additional 709 shares during the last quarter. GAMMA Investing LLC raised 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 worth $98,000 after purchasing an additional 523 shares during the period. Finally, Blue Trust Inc. lifted 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 valued at $98,000 after purchasing an additional 205 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. This represents a 6.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 10.50% of the stock is owned by company insiders.

Euronet Worldwide Stock Down 2.6 %

Shares of NASDAQ:EEFT opened at $87.44 on Wednesday. The firm has a fifty day moving average price of $101.63 and a two-hundred day moving average price of $101.32. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 0.78 and a beta of 1.18. 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, Inc. has a one year low of $85.24 and a one year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results 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%. Analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on EEFT. Oppenheimer lowered their target price on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. Keefe, Bruyette & Woods boosted 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.86.

About Euronet Worldwide

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.