Villanova Investment Management Co LLC lifted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT – Free Report) by 19.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,345 shares of the business services provider’s stock after buying an additional 11,140 shares during the period. Euronet Worldwide comprises 3.7% of Villanova Investment Management Co LLC’s holdings, making the stock its 3rd largest position. Villanova Investment Management Co LLC’s holdings in Euronet Worldwide were worth $5,202,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new stake in Euronet Worldwide during the third quarter worth about $1,724,000. Voss Capital LP increased its holdings in shares of Euronet Worldwide by 66.5% during the 3rd quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock worth $117,665,000 after acquiring an additional 535,000 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Euronet Worldwide in the 3rd quarter valued at $42,813,000. Weitz Investment Management Inc. bought a new stake in Euronet Worldwide in the 4th quarter valued at $12,178,000. Finally, Quantbot Technologies LP acquired a new stake in Euronet Worldwide during the 3rd quarter valued at $2,081,000. Institutional investors and hedge funds own 91.60% of the company’s stock.
Euronet Worldwide Stock Performance
EEFT opened at $65.89 on Friday. The business has a fifty day simple moving average of $70.08 and a 200 day simple moving average of $71.61. The company has a market capitalization of $2.51 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.52 and a beta of 0.82. Euronet Worldwide, Inc. has a 1 year low of $62.50 and a 1 year high of $107.91. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.28 and a quick ratio of 1.28.
Analyst Upgrades and Downgrades
Several research firms have commented on EEFT. DA Davidson decreased their price objective on shares of Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings cut shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 target price on shares of Euronet Worldwide in a report on Friday, May 22nd. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Euronet Worldwide presently has a consensus rating of “Hold” and an average price target of $95.00.
Read Our Latest Stock Report on Euronet Worldwide
Insider Activity
In other Euronet Worldwide news, Director Thomas A. Mcdonnell purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average cost of $66.87 per share, for a total transaction of $200,610.00. Following the completion of the purchase, the director owned 100,219 shares of the company’s stock, valued at approximately $6,701,644.53. The trade was a 3.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.19% of the company’s stock.
Euronet Worldwide Profile
Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.
In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.
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