Oliver Luxxe Assets LLC Boosts Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Oliver Luxxe Assets LLC raised its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.1% during the 4th quarter, HoldingsChannel reports. The firm owned 19,424 shares of the business services provider’s stock after acquiring an additional 772 shares during the period. Oliver Luxxe Assets LLC’s holdings in Euronet Worldwide were worth $1,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. increased its stake in Euronet Worldwide by 0.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock valued at $1,793,000 after purchasing an additional 133 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Euronet Worldwide by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider’s stock worth $1,260,000 after buying an additional 135 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Euronet Worldwide by 6.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock worth $243,000 after buying an additional 143 shares in the last quarter. HighTower Advisors LLC grew its stake in Euronet Worldwide by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock valued at $2,540,000 after acquiring an additional 158 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in Euronet Worldwide by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider’s stock valued at $486,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insider Transactions at Euronet Worldwide

In related news, SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the sale, the senior vice president now directly owns 39,983 shares in the company, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the completion of the transaction, the chief executive officer now owns 90,288 shares of the company’s stock, valued at approximately $9,625,603.68. This represents a 36.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,910 shares of company stock valued at $8,780,102 over the last 90 days. Corporate insiders own 10.50% of the company’s stock.

Euronet Worldwide Trading Down 1.4 %

Shares of EEFT traded down $1.47 during mid-day trading on Monday, reaching $100.54. The company had a trading volume of 103,005 shares, compared to its average volume of 167,582. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. The firm has a fifty day simple moving average of $103.32 and a 200-day simple moving average of $101.89. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the firm posted $2.53 earnings per share. On average, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price target for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Oppenheimer reduced their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Finally, DA Davidson reiterated a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $126.25.

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.