Proficio Capital Partners LLC Takes Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Proficio Capital Partners LLC acquired a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 27,870 shares of the business services provider’s stock, valued at approximately $28,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its position in Euronet Worldwide by 28.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider’s stock valued at $1,236,000 after buying an additional 2,632 shares during the last quarter. Holocene Advisors LP acquired a new stake in Euronet Worldwide during the third quarter worth approximately $666,000. Reinhart Partners LLC. increased its position in shares of Euronet Worldwide by 3.4% during the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock worth $64,496,000 after purchasing an additional 20,824 shares in the last quarter. Value Holdings Management CO. LLC grew its position in shares of Euronet Worldwide by 119.8% during the fourth quarter. Value Holdings Management CO. LLC now owns 57,823 shares of the business services provider’s stock worth $5,947,000 after acquiring an additional 31,518 shares during the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Euronet Worldwide by 2.0% during the third quarter. Stifel Financial Corp now owns 11,729 shares of the business services provider’s stock worth $1,164,000 after buying an additional 232 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $107.13 on Friday. The firm’s fifty day simple moving average is $101.70 and its 200 day simple moving average is $101.35. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a twelve month low of $91.07 and a twelve month high of $117.66. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 0.78 and a beta of 1.37.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EEFT. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a report 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 objective on Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Stephens reiterated an “overweight” rating and set a $130.00 target price on shares of Euronet Worldwide in a report on Friday, February 14th. Finally, Oppenheimer cut their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Euronet Worldwide has an average rating of “Moderate Buy” and an average price target of $125.86.

Insider Transactions at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the transaction, the chief executive officer now owns 1,418,966 shares of the company’s stock, valued at approximately $142,875,686.54. This represents a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 10.50% of the company’s stock.

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.