Ensign Peak Advisors Inc Has $2.06 Million Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Ensign Peak Advisors Inc lowered its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 51.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,024 shares of the business services provider's stock after selling 20,911 shares during the quarter. Ensign Peak Advisors Inc's holdings in Euronet Worldwide were worth $2,059,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EEFT. Norges Bank acquired a new stake in shares of Euronet Worldwide during the 4th quarter worth about $53,072,000. Voss Capital LP raised its stake in shares of Euronet Worldwide by 21.9% in the fourth quarter. Voss Capital LP now owns 630,000 shares of the business services provider's stock valued at $64,789,000 after acquiring an additional 113,236 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Euronet Worldwide by 59.0% in the fourth quarter. First Trust Advisors LP now owns 190,612 shares of the business services provider's stock valued at $19,602,000 after acquiring an additional 70,719 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Euronet Worldwide by 57.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 175,027 shares of the business services provider's stock worth $18,000,000 after acquiring an additional 63,785 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Euronet Worldwide by 28.7% during the 4th quarter. Renaissance Technologies LLC now owns 248,345 shares of the business services provider's stock worth $25,540,000 after acquiring an additional 55,345 shares during the last quarter. Institutional investors own 91.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com downgraded 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. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Needham & Company LLC dropped their target price on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Euronet Worldwide presently has a consensus rating of "Moderate Buy" and an average price target of $125.57.

Euronet Worldwide Stock Down 1.7%

Shares of EEFT traded down $1.86 on Wednesday, hitting $109.21. The company's stock had a trading volume of 49,287 shares, compared to its average volume of 356,158. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 0.78 and a beta of 1.25. The firm's fifty day moving average price is $102.10 and its 200-day moving average price is $101.89. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $117.66.

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

Insider Buying and Selling at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was 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 in the company, valued at approximately $142,875,686.54. This trade represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.20% of the company's stock.

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.