Burgundy Asset Management Ltd. Has $112.74 Million Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Burgundy Asset Management Ltd. increased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,096,300 shares of the business services provider's stock after acquiring an additional 190,453 shares during the quarter. Burgundy Asset Management Ltd. owned about 2.50% of Euronet Worldwide worth $112,743,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EEFT. Proficio Capital Partners LLC bought a new position in shares of Euronet Worldwide during the fourth quarter worth $28,000. R Squared Ltd bought a new stake in Euronet Worldwide during the 4th quarter worth approximately $58,000. Covestor Ltd lifted its stake in Euronet Worldwide by 40.9% in the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider's stock valued at $73,000 after buying an additional 207 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in shares of Euronet Worldwide by 15,240.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock valued at $79,000 after buying an additional 762 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Euronet Worldwide by 485.6% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after buying an additional 709 shares during the period. Institutional investors and hedge funds own 91.60% of the company's stock.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide 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 completion of 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 SEC, which is accessible through this hyperlink. 11.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

EEFT has been the subject of several research reports. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Stephens reaffirmed an "overweight" rating and issued a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, February 14th. Needham & Company LLC reduced their price target 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. Wall Street Zen downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, Keefe, Bruyette & Woods cut their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Three research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.57.

Euronet Worldwide Trading Down 0.6%

NASDAQ:EEFT traded down $0.65 on Wednesday, reaching $108.14. 123,084 shares of the stock traded hands, compared to its average volume of 426,526. 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. The company's 50 day moving average is $102.15 and its 200-day moving average is $102.04. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25.

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