PharVision Advisers LLC Purchases New Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

PharVision Advisers LLC purchased a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,401 shares of the business services provider's stock, valued at approximately $247,000.

Other large investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in Euronet Worldwide during the 4th quarter worth $28,000. R Squared Ltd bought a new position in Euronet Worldwide during the 4th quarter worth $58,000. Covestor Ltd increased its position 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 buying an additional 207 shares during the period. Aster Capital Management DIFC Ltd increased its position 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 buying an additional 762 shares during the period. Finally, Jones Financial Companies Lllp increased its position 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 buying an additional 709 shares during the period. Institutional investors own 91.60% of the company's stock.

Insider Activity at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,418,966 shares of the company's stock, valued at $142,875,686.54. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on EEFT shares. Wall Street Zen cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Needham & Company LLC lowered their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Keefe, Bruyette & Woods decreased their price target on 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. Finally, Stephens restated an "overweight" rating and issued a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $125.57.

Euronet Worldwide Stock Down 0.3%

Shares of NASDAQ EEFT opened at $106.16 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $117.66. The stock has a market capitalization of $4.59 billion, a P/E ratio of 16.41, a PEG ratio of 0.78 and a beta of 1.25. The stock's fifty day moving average is $102.20 and its 200 day moving average is $101.96.

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

Euronet Worldwide Company 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.

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