Burgundy Asset Management Ltd. Raises Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Burgundy Asset Management Ltd. lifted its position in 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. The firm owned 1,096,300 shares of the business services provider's stock after buying an additional 190,453 shares during the quarter. Burgundy Asset Management Ltd. owned approximately 2.50% of Euronet Worldwide worth $112,743,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in Euronet Worldwide during the 4th quarter worth $28,000. R Squared Ltd acquired a new position in Euronet Worldwide during the 4th quarter worth $58,000. Covestor Ltd grew its stake in Euronet Worldwide by 40.9% during the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider's stock worth $73,000 after purchasing an additional 207 shares in the last quarter. Aster Capital Management DIFC Ltd grew its stake in Euronet Worldwide by 15,240.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock worth $79,000 after purchasing an additional 762 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock worth $88,000 after purchasing an additional 709 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on EEFT shares. Keefe, Bruyette & Woods lowered their target price on 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. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Needham & Company LLC lowered their price objective 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. Stephens reaffirmed an "overweight" rating and set a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, February 14th. Finally, Wall Street Zen cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. 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 company. According to MarketBeat.com, Euronet Worldwide currently has an average rating of "Moderate Buy" and a consensus price target of $125.57.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the 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 completion of 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 represents a 6.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 11.20% of the stock is owned by company insiders.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT traded up $3.66 during trading hours on Tuesday, reaching $108.79. The stock had a trading volume of 356,345 shares, compared to its average volume of 359,779. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 0.78 and a beta of 1.25. 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 fifty-two week low of $85.24 and a fifty-two week high of $117.66. The firm has a 50-day moving average of $102.14 and a 200-day moving average of $101.99.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, meeting the consensus estimate 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 firm's revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.28 EPS. Equities research analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share 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.