Cetera Investment Advisers Has $586,000 Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Cetera Investment Advisers trimmed its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 93.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,696 shares of the business services provider's stock after selling 77,925 shares during the quarter. Cetera Investment Advisers' holdings in Euronet Worldwide were worth $586,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in Euronet Worldwide during the fourth quarter worth about $53,072,000. Voss Capital LP boosted its position 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 worth $64,789,000 after buying an additional 113,236 shares during the period. First Trust Advisors LP boosted its position 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 worth $19,602,000 after buying an additional 70,719 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Euronet Worldwide by 57.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 175,027 shares of the business services provider's stock worth $18,000,000 after buying an additional 63,785 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Euronet Worldwide by 28.7% in the fourth quarter. Renaissance Technologies LLC now owns 248,345 shares of the business services provider's stock worth $25,540,000 after buying an additional 55,345 shares during the period. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT traded down $0.49 during mid-day trading on Friday, reaching $107.75. The company had a trading volume of 561,910 shares, compared to its average volume of 363,099. The stock has a market cap of $4.66 billion, a PE ratio of 16.65, a P/E/G ratio of 0.78 and a beta of 1.25. The company has a 50-day moving average price of $102.11 and a two-hundred day moving average price of $102.12. 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, Inc. has a 1-year low of $85.24 and a 1-year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced 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 company had revenue of $915.50 million during the quarter, compared to analysts' expectations of $908.93 million. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. The business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 earnings per share. On average, equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EEFT shares. Needham & Company LLC decreased their target price on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Keefe, Bruyette & Woods reduced their target price on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Wall Street Zen cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Stephens restated an "overweight" rating and issued a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, February 14th. Finally, William Blair restated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $125.57.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the sale, the chief executive officer now directly owns 1,418,966 shares of the company's stock, valued at approximately $142,875,686.54. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.