Leisure Capital Management Decreases Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Leisure Capital Management decreased its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 28.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,998 shares of the business services provider’s stock after selling 2,383 shares during the quarter. Leisure Capital Management’s holdings in Euronet Worldwide were worth $617,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. R Squared Ltd acquired a new position in shares of Euronet Worldwide in the 4th quarter valued at approximately $58,000. GAMMA Investing LLC raised its holdings in Euronet Worldwide by 121.3% in the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 523 shares in the last quarter. Blue Trust Inc. boosted its stake in Euronet Worldwide by 26.1% during the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 205 shares during the last quarter. Mendota Financial Group LLC acquired a new position in Euronet Worldwide during the 3rd quarter worth $100,000. Finally, Quarry LP increased its position in shares of Euronet Worldwide by 21.6% in the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock worth $108,000 after purchasing an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insider Transactions at Euronet Worldwide

In other news, CEO Nikos Fountas sold 21,479 shares of Euronet Worldwide stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 52,370 shares of the company’s stock, valued at $5,423,437.20. The trade was a 29.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the sale, the chief executive officer now directly owns 90,288 shares of the company’s stock, valued at approximately $9,625,603.68. This represents a 36.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 82,910 shares of company stock valued at $8,780,102. Company insiders own 10.50% of the company’s stock.

Wall Street Analyst Weigh In

EEFT has been the subject of a number of research reports. StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, January 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a report on Thursday, December 12th. DA Davidson restated a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their price target for the company from $118.00 to $110.00 in a report on Friday, October 18th. Finally, Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $127.14.

Euronet Worldwide Stock Performance

EEFT stock opened at $98.50 on Monday. The company has a market capitalization of $4.33 billion, a P/E ratio of 14.23, a PEG ratio of 0.78 and a beta of 1.43. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The company has a 50-day simple moving average of $102.10 and a 200 day simple moving average of $101.05. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66.

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.