Peapack Gladstone Financial Corp Has $229,000 Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Peapack Gladstone Financial Corp lifted its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,228 shares of the business services provider’s stock after buying an additional 181 shares during the period. Peapack Gladstone Financial Corp’s holdings in Euronet Worldwide were worth $229,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of EEFT. FMR LLC boosted its position in Euronet Worldwide by 21.1% during the 3rd quarter. FMR LLC now owns 75,216 shares of the business services provider’s stock worth $7,464,000 after acquiring an additional 13,093 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Euronet Worldwide by 0.6% during the third quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock worth $2,540,000 after purchasing an additional 158 shares during the last quarter. Stifel Financial Corp boosted its holdings in Euronet Worldwide by 2.0% during the third quarter. Stifel Financial Corp now owns 11,729 shares of the business services provider’s stock worth $1,164,000 after purchasing an additional 232 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Euronet Worldwide in the third quarter valued at $212,000. Finally, M&T Bank Corp increased its stake in Euronet Worldwide by 7.0% in the 3rd quarter. M&T Bank Corp now owns 4,245 shares of the business services provider’s stock valued at $421,000 after buying an additional 279 shares during the last quarter. 91.60% of the stock is 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 firm’s 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 transaction, the chief executive officer now directly owns 1,418,966 shares of the company’s stock, valued at approximately $142,875,686.54. This trade represents a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EEFT shares. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Stephens restated an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Oppenheimer decreased their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.86.

Euronet Worldwide Trading Up 11.6 %

EEFT stock opened at $97.62 on Thursday. Euronet Worldwide, Inc. has a one year low of $85.24 and a one year high of $117.66. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The company has a fifty day moving average price of $101.58 and a two-hundred day moving average price of $101.26. 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 (NASDAQ:EEFT) last announced 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%. Equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS 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.