Nordea Investment Management AB Has $7.09 Million Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Nordea Investment Management AB grew its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,556 shares of the business services provider’s stock after purchasing an additional 886 shares during the period. Nordea Investment Management AB owned approximately 0.16% of Euronet Worldwide worth $7,088,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Euronet Worldwide by 121.3% in the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 523 shares during the period. Franklin Resources Inc. boosted its stake in shares of Euronet Worldwide by 22.2% during the 3rd quarter. Franklin Resources Inc. now owns 33,921 shares of the business services provider’s stock valued at $3,359,000 after buying an additional 6,154 shares during the period. Tidal Investments LLC increased its stake in shares of Euronet Worldwide by 10.8% in the third quarter. Tidal Investments LLC now owns 7,195 shares of the business services provider’s stock worth $714,000 after acquiring an additional 704 shares during the last quarter. McIlrath & Eck LLC boosted its position in Euronet Worldwide by 16.2% during the third quarter. McIlrath & Eck LLC now owns 1,476 shares of the business services provider’s stock valued at $146,000 after purchasing an additional 206 shares during the last quarter. Finally, ABS Direct Equity Fund LLC grew its stake in Euronet Worldwide by 21.8% in the third quarter. ABS Direct Equity Fund LLC now owns 30,000 shares of the business services provider’s stock valued at $2,977,000 after purchasing an additional 5,364 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

Shares of EEFT stock opened at $99.90 on Friday. The company has a market capitalization of $4.39 billion, a P/E ratio of 14.44, a P/E/G ratio of 0.95 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide, Inc. has a 12 month low of $91.07 and a 12 month high of $117.66. The stock has a 50 day moving average of $103.36 and a two-hundred day moving average of $101.76.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm earned $2.53 EPS. As a group, equities analysts expect that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

Insider Buying and Selling

In other news, CEO Kevin J. Caponecchi sold 52,034 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the sale, the chief executive officer now owns 90,288 shares in the company, valued at approximately $9,625,603.68. This represents a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Martin L. Bruckner sold 9,397 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold 82,910 shares of company stock worth $8,780,102 in the last 90 days. 10.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price target for the company from $118.00 to $110.00 in a report on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a research report on Thursday, December 12th. DA Davidson reissued a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. Finally, Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.25.

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.