Turtle Creek Asset Management Inc. Decreases Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Turtle Creek Asset Management Inc. cut its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 819,157 shares of the business services provider's stock after selling 37,449 shares during the period. Euronet Worldwide makes up 2.2% of Turtle Creek Asset Management Inc.'s investment portfolio, making the stock its 25th biggest holding. Turtle Creek Asset Management Inc. owned 1.86% of Euronet Worldwide worth $84,242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EEFT. Norges Bank acquired a new stake in Euronet Worldwide during the 4th quarter worth $53,072,000. Voss Capital LP raised its holdings in shares of Euronet Worldwide by 21.9% during the fourth quarter. Voss Capital LP now owns 630,000 shares of the business services provider's stock worth $64,789,000 after acquiring an additional 113,236 shares during the period. Millennium Management LLC lifted its position in Euronet Worldwide by 45.7% in the 4th quarter. Millennium Management LLC now owns 302,967 shares of the business services provider's stock valued at $31,157,000 after acquiring an additional 95,091 shares in the last quarter. First Trust Advisors LP boosted its stake in Euronet Worldwide by 59.0% in the 4th quarter. First Trust Advisors LP now owns 190,612 shares of the business services provider's stock worth $19,602,000 after purchasing an additional 70,719 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Euronet Worldwide by 57.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 175,027 shares of the business services provider's stock worth $18,000,000 after purchasing an additional 63,785 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Euronet Worldwide Stock Down 1.3%

Shares of NASDAQ:EEFT traded down $1.36 during trading on Friday, reaching $104.80. 123,254 shares of the stock were exchanged, compared to its average volume of 357,445. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $117.66. The stock has a fifty day moving average of $102.20 and a two-hundred day moving average of $101.96. 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 firm has a market cap of $4.53 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $915.50 million during the quarter, compared to analysts' expectations of $908.93 million. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The business's revenue was up 6.8% on a year-over-year basis. During the same period last year, the company earned $1.28 earnings per share. Research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction 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 sale, the chief executive officer now directly owns 1,418,966 shares in the company, valued at $142,875,686.54. The trade was a 6.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.20% of the stock is owned by corporate insiders.

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.