Toronto Dominion Bank Invests $1.46 Million in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Toronto Dominion Bank acquired a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,209 shares of the business services provider's stock, valued at approximately $1,461,000.

Other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in Euronet Worldwide in the fourth quarter worth $28,000. R Squared Ltd bought a new position in shares of Euronet Worldwide in the fourth quarter worth about $58,000. Covestor Ltd lifted its holdings in Euronet Worldwide by 40.9% during the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider's stock valued at $73,000 after purchasing an additional 207 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its position 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 acquiring an additional 762 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted 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 worth $88,000 after buying an additional 709 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Trading Up 3.5%

Shares of NASDAQ EEFT traded up $3.66 during midday trading on Tuesday, reaching $108.79. 356,345 shares of the stock were exchanged, compared to its average volume of 359,779. The stock has a market capitalization of $4.70 billion, a P/E ratio of 16.81, a PEG ratio of 0.78 and a beta of 1.25. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve month high of $117.66. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The company has a 50 day simple moving average of $102.14 and a 200 day simple moving average of $101.99.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, hitting analysts' consensus estimates of $1.13. The company had revenue of $915.50 million for 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 firm's revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.28 earnings per share. As a group, equities analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analysts Set New Price Targets

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

Insider Transactions at Euronet Worldwide

In related 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 sale, the chief executive officer now directly owns 1,418,966 shares in the company, valued at $142,875,686.54. This trade represents a 6.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.20% of the company's stock.

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.