4D Advisors LLC Invests $4.11 Million in Euronet Worldwide, Inc. (NASDAQ:EEFT)

4D Advisors LLC purchased a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,000 shares of the business services provider's stock, valued at approximately $4,114,000. Euronet Worldwide comprises approximately 2.9% of 4D Advisors LLC's investment portfolio, making the stock its 15th biggest position. 4D Advisors LLC owned 0.09% of Euronet Worldwide at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EEFT. Allspring Global Investments Holdings LLC increased its stake in shares of Euronet Worldwide by 0.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider's stock valued at $340,955,000 after purchasing an additional 16,220 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Euronet Worldwide by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock worth $84,512,000 after buying an additional 24,569 shares during the period. Wasatch Advisors LP grew its stake in Euronet Worldwide by 1.0% in the 4th quarter. Wasatch Advisors LP now owns 723,785 shares of the business services provider's stock valued at $74,434,000 after acquiring an additional 7,246 shares during the period. Voss Capital LP raised its position in Euronet Worldwide by 21.9% during the fourth quarter. Voss Capital LP now owns 630,000 shares of the business services provider's stock worth $64,789,000 after acquiring an additional 113,236 shares during the period. Finally, Reinhart Partners LLC. grew its position in shares of Euronet Worldwide by 3.4% in the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider's stock valued at $64,496,000 after purchasing an additional 20,824 shares during the period. Hedge funds and other institutional investors own 91.60% of the company's stock.

Insider Transactions at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This trade represents a 6.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.20% of the company's stock.

Euronet Worldwide Trading Up 0.8 %

EEFT stock traded up $0.83 during midday trading on Tuesday, hitting $104.96. 348,238 shares of the company's stock were exchanged, compared to its average volume of 351,323. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $117.66. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $4.54 billion, a PE ratio of 16.22, a P/E/G ratio of 0.78 and a beta of 1.25. The business has a 50-day simple moving average of $100.06 and a two-hundred day simple moving average of $101.14.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.13. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. The firm had revenue of $915.50 million during the quarter, compared to the consensus estimate of $908.93 million. During the same period last year, the company earned $1.28 EPS. The company's quarterly revenue was up 6.8% on a year-over-year basis. On average, sell-side analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on EEFT shares. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Keefe, Bruyette & Woods reduced their target price on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research report on Friday, April 25th. StockNews.com lowered Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Stephens reaffirmed an "overweight" rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday, February 14th. Finally, Needham & Company LLC lowered their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $125.57.

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.