Greenhouse Funds LLLP grew its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,234 shares of the business services provider’s stock after buying an additional 11,794 shares during the period. Euronet Worldwide makes up about 3.4% of Greenhouse Funds LLLP’s holdings, making the stock its 13th biggest holding. Greenhouse Funds LLLP owned 0.27% of Euronet Worldwide worth $12,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently added to or reduced their stakes in EEFT. American International Group Inc. purchased a new position in Euronet Worldwide in the 4th quarter worth approximately $100,000. Delpha Capital Management LLC purchased a new position in Euronet Worldwide in the 4th quarter worth approximately $101,000. FNY Managed Accounts LLC purchased a new position in Euronet Worldwide in the 4th quarter worth approximately $126,000. The Manufacturers Life Insurance Company grew its stake in Euronet Worldwide by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after buying an additional 116 shares in the last quarter. Finally, Turner Investments LLC purchased a new position in Euronet Worldwide in the 3rd quarter worth approximately $174,000.
A number of research firms have commented on EEFT. BidaskClub raised shares of Euronet Worldwide from a “strong sell” rating to a “sell” rating in a research note on Friday, February 23rd. Lake Street Capital boosted their price target on shares of Euronet Worldwide from $100.00 to $106.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. DA Davidson boosted their price target on shares of Euronet Worldwide to $118.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, William Blair cut shares of Euronet Worldwide from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. Euronet Worldwide currently has an average rating of “Buy” and a consensus price target of $111.71.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.01. The firm had revenue of $604.60 million during the quarter, compared to analyst estimates of $609.53 million. Euronet Worldwide had a net margin of 6.97% and a return on equity of 21.76%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.99 EPS. research analysts predict that Euronet Worldwide, Inc. will post 5 earnings per share for the current year.
In other news, CEO Nikos Fountas sold 296 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $92.00, for a total value of $27,232.00. Following the completion of the sale, the chief executive officer now directly owns 550 shares in the company, valued at approximately $50,600. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael J. Brown sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $91.22, for a total transaction of $1,824,400.00. Following the completion of the sale, the chief executive officer now owns 1,522,348 shares of the company’s stock, valued at $138,868,584.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,897 shares of company stock valued at $8,267,480. Company insiders own 7.70% of the company’s stock.
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Euronet Worldwide Profile
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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