Impact Partnership Wealth LLC Purchases Shares of 2,320 Euronet Worldwide, Inc. (NASDAQ:EEFT)

Impact Partnership Wealth LLC purchased a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 2,320 shares of the business services provider’s stock, valued at approximately $239,000.

Several other institutional investors have also recently made changes to their positions in EEFT. Thompson Siegel & Walmsley LLC grew its position in Euronet Worldwide by 5.4% during the third quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock worth $16,004,000 after buying an additional 8,230 shares in the last quarter. Maverick Capital Ltd. grew its holdings in shares of Euronet Worldwide by 507.8% during the second quarter. Maverick Capital Ltd. now owns 14,916 shares of the business services provider’s stock worth $1,544,000 after purchasing an additional 12,462 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Euronet Worldwide during the third quarter worth about $15,258,000. Holocene Advisors LP bought a new position in shares of Euronet Worldwide in the third quarter worth approximately $666,000. Finally, Reinhart Partners LLC. raised its stake in Euronet Worldwide by 3.4% in the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock valued at $64,496,000 after purchasing an additional 20,824 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

EEFT opened at $98.34 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. Euronet Worldwide, Inc. has a 1 year low of $91.07 and a 1 year high of $117.66. The stock’s 50 day simple moving average is $102.59 and its 200 day simple moving average is $101.28. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 14.21, a PEG ratio of 0.78 and a beta of 1.44.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. 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 business posted $2.53 earnings per share. As a group, analysts predict that Euronet Worldwide, Inc. will post 7.85 earnings per share for the current year.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the sale, the chief executive officer now directly owns 52,370 shares of the company’s stock, valued at approximately $5,423,437.20. This trade represents a 29.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Martin L. Bruckner sold 9,397 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the transaction, the senior vice president now owns 39,983 shares in the company, valued at $4,290,575.73. This represents a 19.03 % 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 in the last 90 days. Insiders own 10.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. DA Davidson reiterated a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a research report on Tuesday, October 8th. StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday, December 12th. Finally, Oppenheimer decreased their price objective on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.25.

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.