Kavar Capital Partners Group LLC Cuts Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Kavar Capital Partners Group LLC decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 24,918 shares of the business services provider’s stock after selling 244 shares during the period. Kavar Capital Partners Group LLC’s holdings in Euronet Worldwide were worth $2,563,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its position in shares of Euronet Worldwide by 0.7% in the third 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 during the period. Vanguard Personalized Indexing Management LLC boosted its position in Euronet Worldwide by 6.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock worth $243,000 after acquiring an additional 143 shares during the last quarter. HighTower Advisors LLC boosted its position in Euronet Worldwide by 0.6% during the third quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock worth $2,540,000 after acquiring an additional 158 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Euronet Worldwide by 3.6% during the third quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider’s stock worth $486,000 after acquiring an additional 170 shares during the last quarter. Finally, Quarry LP boosted its position in Euronet Worldwide by 21.6% during the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock worth $108,000 after acquiring an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Up 1.6 %

Shares of NASDAQ EEFT opened at $98.34 on Monday. 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. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide, Inc. has a 52-week low of $91.07 and a 52-week high of $117.66. The business’s 50 day moving average is $102.59 and its two-hundred day moving average is $101.30.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the company earned $2.53 earnings per share. Research analysts predict that Euronet Worldwide, Inc. will post 7.85 EPS for the current year.

Insider Transactions at Euronet Worldwide

In related news, CEO Nikos Fountas sold 21,479 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the transaction, the chief executive officer now owns 52,370 shares of the company’s stock, valued at $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the stock in a transaction on Monday, November 25th. The shares were 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 directly owns 90,288 shares in the company, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 82,910 shares of company stock valued at $8,780,102. 10.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EEFT has been the topic of a number of recent research reports. Oppenheimer lowered their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th. Finally, DA Davidson reaffirmed a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Euronet Worldwide has an average rating of “Moderate Buy” and an average price target of $126.25.

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.