Euronet Worldwide, Inc. (NASDAQ:EEFT) Stock Position Raised by Granahan Investment Management LLC

Granahan Investment Management LLC boosted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 29.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,412 shares of the business services provider's stock after buying an additional 9,600 shares during the quarter. Granahan Investment Management LLC owned 0.10% of Euronet Worldwide worth $4,362,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its stake in Euronet Worldwide by 10.8% during the 3rd quarter. Tidal Investments LLC now owns 7,195 shares of the business services provider's stock valued at $714,000 after acquiring an additional 704 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Euronet Worldwide by 22.2% during the third quarter. Franklin Resources Inc. now owns 33,921 shares of the business services provider's stock worth $3,359,000 after purchasing an additional 6,154 shares during the last quarter. GAMMA Investing LLC grew its stake in Euronet Worldwide by 121.3% in the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider's stock worth $98,000 after purchasing an additional 523 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Euronet Worldwide by 2.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 57,725 shares of the business services provider's stock valued at $5,936,000 after buying an additional 1,629 shares during the last quarter. Finally, Reinhart Partners LLC. raised its stake in Euronet Worldwide by 3.4% during the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider's stock valued at $64,496,000 after buying an additional 20,824 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the transaction, the chief executive officer now owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EEFT. Needham & Company LLC decreased their target price on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Stephens reiterated an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. Keefe, Bruyette & Woods reduced their price target on shares of 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. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Finally, StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Four 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $125.57.

Euronet Worldwide Stock Performance

NASDAQ:EEFT traded up $1.07 during mid-day trading on Friday, hitting $110.59. The stock had a trading volume of 121,478 shares, compared to its average volume of 354,141. The company has a 50 day simple moving average of $101.44 and a 200-day simple moving average of $101.60. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $117.66. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 0.78 and a beta of 1.25. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92.

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 for the quarter, meeting the consensus estimate of $1.13. The firm had revenue of $915.50 million for the quarter, compared to the consensus estimate 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 for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 EPS. On average, research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share 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.