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

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

A number of other large investors have also made changes to their positions in the stock. Proficio Capital Partners LLC purchased a new position in Euronet Worldwide during the fourth quarter worth about $28,000. R Squared Ltd acquired a new stake in Euronet Worldwide during the fourth quarter worth about $58,000. Covestor Ltd raised its stake in Euronet Worldwide by 40.9% during the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider's stock worth $73,000 after acquiring an additional 207 shares during the period. Aster Capital Management DIFC Ltd boosted 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 valued at $79,000 after purchasing an additional 762 shares during the period. Finally, Jones Financial Companies Lllp boosted 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 valued at $88,000 after purchasing 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 related 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 sale, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. This represents a 6.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Stephens reissued an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Wall Street Zen downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Needham & Company LLC dropped their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Keefe, Bruyette & Woods dropped their price objective on 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. Three investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.57.

Euronet Worldwide Stock Up 1.4%

NASDAQ:EEFT traded up $1.50 during trading hours on Wednesday, hitting $109.43. 483,466 shares of the company's stock traded hands, compared to its average volume of 365,121. The firm has a market cap of $4.73 billion, a P/E ratio of 16.91, a P/E/G ratio of 0.78 and a beta of 1.27. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve month high of $116.32. 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 stock's fifty day moving average price is $102.08 and its two-hundred day moving average price is $102.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. The company 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%. The business's revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 EPS. On average, research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

About Euronet Worldwide

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.