Millennium Management LLC Has $31.16 Million Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Millennium Management LLC grew its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 45.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 302,967 shares of the business services provider's stock after purchasing an additional 95,091 shares during the quarter. Millennium Management LLC owned about 0.69% of Euronet Worldwide worth $31,157,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ellsworth Advisors LLC lifted its stake in shares of Euronet Worldwide by 18.6% in the fourth quarter. Ellsworth Advisors LLC now owns 7,083 shares of the business services provider's stock valued at $728,000 after buying an additional 1,111 shares during the period. Sheets Smith Wealth Management lifted its stake in shares of Euronet Worldwide by 6.7% in the fourth quarter. Sheets Smith Wealth Management now owns 9,678 shares of the business services provider's stock valued at $995,000 after buying an additional 606 shares during the period. SG Americas Securities LLC lifted its stake in shares of Euronet Worldwide by 47.5% in the fourth quarter. SG Americas Securities LLC now owns 3,225 shares of the business services provider's stock valued at $332,000 after buying an additional 1,038 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Euronet Worldwide by 28.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider's stock valued at $1,236,000 after buying an additional 2,632 shares during the period. Finally, IVC Wealth Advisors LLC lifted its stake in shares of Euronet Worldwide by 51.9% in the fourth quarter. IVC Wealth Advisors LLC now owns 3,317 shares of the business services provider's stock valued at $341,000 after buying an additional 1,133 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT traded down $1.03 during trading on Friday, reaching $105.13. The stock had a trading volume of 305,334 shares, compared to its average volume of 359,793. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $117.66. The business's 50-day moving average price is $102.19 and its 200 day moving average price is $101.98. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. The stock has a market capitalization of $4.55 billion, a PE ratio of 16.25, a P/E/G ratio of 0.78 and a beta of 1.25.

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

Insider Activity

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 transaction of $9,565,550.00. Following the completion of the sale, the chief executive officer now 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EEFT. 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 note on Friday, April 25th. Stephens reiterated an "overweight" rating and issued a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Needham & Company LLC decreased their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Wall Street Zen downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Three equities 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.57.

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.