Paragon Capital Management Inc. Acquires Shares of 17,056 Euronet Worldwide, Inc. (NASDAQ:EEFT)

Paragon Capital Management Inc. acquired a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 17,056 shares of the business services provider’s stock, valued at approximately $1,754,000. Euronet Worldwide accounts for 1.4% of Paragon Capital Management Inc.’s holdings, making the stock its 20th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new position in shares of Euronet Worldwide during the 2nd quarter worth $200,000. Reinhart Partners LLC. increased its stake in shares of Euronet Worldwide by 8.5% during the 3rd quarter. Reinhart Partners LLC. now owns 606,325 shares of the business services provider’s stock worth $60,166,000 after purchasing an additional 47,469 shares during the last quarter. Mendota Financial Group LLC acquired a new position in shares of Euronet Worldwide during the 3rd quarter worth $100,000. Fiduciary Financial Group LLC boosted its holdings in shares of Euronet Worldwide by 20.8% during the 3rd quarter. Fiduciary Financial Group LLC now owns 2,820 shares of the business services provider’s stock worth $271,000 after buying an additional 486 shares during the period. Finally, Oliver Luxxe Assets LLC boosted its holdings in shares of Euronet Worldwide by 148.4% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 18,652 shares of the business services provider’s stock worth $1,851,000 after buying an additional 11,144 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Trading Up 1.3 %

Shares of Euronet Worldwide stock opened at $98.94 on Wednesday. The stock has a market capitalization of $4.35 billion, a P/E ratio of 14.30, a price-to-earnings-growth 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 $101.79 and a 200 day simple moving average of $100.98. Euronet Worldwide, Inc. has a 12-month low of $91.07 and a 12-month high of $117.66.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a report on Thursday, December 12th. DA Davidson reissued a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. Oppenheimer reduced their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Finally, Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $118.00 to $110.00 in a research note on Friday, October 18th. Three investment 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 a consensus price target of $127.14.

Insider Buying and Selling

In other Euronet Worldwide news, SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the completion of the sale, the senior vice president now owns 39,983 shares in the company, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $2,224,365.24. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 82,910 shares of company stock worth $8,780,102 in the last quarter. 10.50% of the stock is owned by corporate insiders.

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.