Clearbridge Investments LLC Sells 2,247 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Clearbridge Investments LLC lowered its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,548 shares of the business services provider’s stock after selling 2,247 shares during the quarter. Clearbridge Investments LLC owned approximately 0.53% of Euronet Worldwide worth $24,018,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in shares of 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 worth $1,236,000 after buying an additional 2,632 shares in the last quarter. Holocene Advisors LP bought a new position in shares of Euronet Worldwide during the 3rd quarter valued at about $666,000. Reinhart Partners LLC. increased its holdings in shares of Euronet Worldwide by 3.4% in 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 during the last quarter. Value Holdings Management CO. LLC lifted its position in shares of Euronet Worldwide by 119.8% in 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 buying an additional 31,518 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Euronet Worldwide by 2.0% during the third quarter. Stifel Financial Corp now owns 11,729 shares of the business services provider’s stock valued at $1,164,000 after buying an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

EEFT stock opened at $108.91 on Wednesday. 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 business has a 50-day moving average price of $102.04 and a 200 day moving average price of $101.56. The company has a market capitalization of $4.76 billion, a P/E ratio of 16.83, a PEG ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate 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, equities research analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on EEFT shares. Keefe, Bruyette & Woods upped their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Oppenheimer decreased their target price 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. Stephens reissued an “overweight” rating and set a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Finally, StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.86.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were 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 directly owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. The trade was a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 10.50% of the company’s stock.

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.