Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Purchased by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC grew its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 22.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,194 shares of the business services provider's stock after acquiring an additional 13,013 shares during the quarter. Frontier Capital Management Co. LLC owned 0.16% of Euronet Worldwide worth $7,424,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EEFT. Deutsche Bank AG grew its position in Euronet Worldwide by 65.0% during the 4th quarter. Deutsche Bank AG now owns 5,643 shares of the business services provider's stock worth $580,000 after purchasing an additional 2,223 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Euronet Worldwide by 18.4% in the fourth quarter. EP Wealth Advisors LLC now owns 2,532 shares of the business services provider's stock worth $260,000 after buying an additional 393 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in shares of Euronet Worldwide by 68.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 75,579 shares of the business services provider's stock worth $7,773,000 after buying an additional 30,823 shares during the period. Captrust Financial Advisors lifted its stake in shares of Euronet Worldwide by 3.9% during the fourth quarter. Captrust Financial Advisors now owns 8,294 shares of the business services provider's stock worth $853,000 after buying an additional 311 shares during the period. Finally, Algert Global LLC grew its holdings in shares of Euronet Worldwide by 57.2% during the fourth quarter. Algert Global LLC now owns 135,903 shares of the business services provider's stock valued at $13,976,000 after buying an additional 49,434 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on EEFT. StockNews.com cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Keefe, Bruyette & Woods decreased 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 report on Friday, April 25th. Stephens restated an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, February 14th. Needham & Company LLC reduced their price target on 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 reissued an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $125.57.

Insider Activity at Euronet Worldwide

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

Euronet Worldwide Trading Down 0.9%

Shares of Euronet Worldwide stock traded down $1.04 during trading hours on Tuesday, hitting $110.28. The company's stock had a trading volume of 438,798 shares, compared to its average volume of 353,565. The firm has a fifty day moving average of $101.15 and a 200-day moving average of $101.49. 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 has a market cap of $4.77 billion, a price-to-earnings ratio of 17.04, a P/E/G 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.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its earnings results 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. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. The company had revenue of $915.50 million for the quarter, compared to analyst estimates of $908.93 million. During the same quarter in the previous year, the company earned $1.28 earnings per share. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. Research analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

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.