Inceptionr LLC Has $268,000 Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Inceptionr LLC lowered its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 66.2% in the fourth quarter, HoldingsChannel reports. The firm owned 2,606 shares of the business services provider’s stock after selling 5,111 shares during the period. Inceptionr LLC’s holdings in Euronet Worldwide were worth $268,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of EEFT. Thompson Siegel & Walmsley LLC increased its holdings in shares of Euronet Worldwide by 5.4% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock worth $16,004,000 after acquiring an additional 8,230 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Euronet Worldwide by 28.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider’s stock worth $1,236,000 after purchasing an additional 2,632 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Euronet Worldwide in the third quarter valued at about $15,258,000. Holocene Advisors LP bought a new position in shares of Euronet Worldwide in the third quarter valued at about $666,000. Finally, Reinhart Partners LLC. lifted its stake in shares of Euronet Worldwide by 3.4% during the 4th quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock worth $64,496,000 after buying an additional 20,824 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on EEFT. Stephens reiterated an “overweight” rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Finally, Oppenheimer cut their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $127.00.

Euronet Worldwide Stock Performance

Shares of NASDAQ:EEFT opened at $101.97 on Monday. The company’s 50 day simple moving average is $100.08 and its 200 day simple moving average is $101.19. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 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 has a market capitalization of $4.46 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. As a group, research analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

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.