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

Turtle Creek Asset Management Inc. reduced its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 4.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 819,157 shares of the business services provider's stock after selling 37,449 shares during the quarter. Euronet Worldwide comprises approximately 2.2% of Turtle Creek Asset Management Inc.'s holdings, making the stock its 25th largest holding. Turtle Creek Asset Management Inc. owned 1.86% of Euronet Worldwide worth $84,242,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its position in Euronet Worldwide by 28.1% during 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 purchasing an additional 2,632 shares during the last quarter. Value Holdings Management CO. LLC lifted its holdings in shares of Euronet Worldwide by 119.8% in the 4th quarter. Value Holdings Management CO. LLC now owns 57,823 shares of the business services provider's stock valued at $5,947,000 after acquiring an additional 31,518 shares during the last quarter. HighTower Advisors LLC grew its position in Euronet Worldwide by 0.8% in the fourth quarter. HighTower Advisors LLC now owns 25,883 shares of the business services provider's stock worth $2,662,000 after acquiring an additional 209 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Euronet Worldwide by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock worth $84,512,000 after acquiring an additional 24,569 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Euronet Worldwide during the fourth quarter valued at approximately $28,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Michael J. Brown sold 95,000 shares of the 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 transaction, the chief executive officer now owns 1,418,966 shares of the company's stock, valued at approximately $142,875,686.54. This represents a 6.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 11.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on EEFT shares. Stephens reiterated an "overweight" rating and issued a $130.00 target price on shares of Euronet Worldwide in a report on Friday, February 14th. Keefe, Bruyette & Woods dropped their price objective 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. StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Needham & Company LLC lowered their target price on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $125.57.

Euronet Worldwide Trading Up 0.2%

Shares of NASDAQ:EEFT traded up $0.20 on Tuesday, hitting $111.07. 380,581 shares of the company's stock were exchanged, compared to its average volume of 357,338. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25. Euronet Worldwide, Inc. has a 12 month low of $85.24 and a 12 month high of $117.66. 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 business's 50 day simple moving average is $102.10 and its two-hundred day simple moving average is $101.89.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, hitting analysts' consensus estimates of $1.13. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The business had revenue of $915.50 million for the quarter, compared to the consensus estimate of $908.93 million. During the same period in the prior year, the firm earned $1.28 EPS. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS 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.