SG Americas Securities LLC Acquires 1,038 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

SG Americas Securities LLC raised its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 47.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,225 shares of the business services provider’s stock after purchasing an additional 1,038 shares during the quarter. SG Americas Securities LLC’s holdings in Euronet Worldwide were worth $332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Sheets Smith Wealth Management raised its position in Euronet Worldwide by 6.7% in the fourth quarter. Sheets Smith Wealth Management now owns 9,678 shares of the business services provider’s stock worth $995,000 after acquiring an additional 606 shares during the period. Ellsworth Advisors LLC increased its stake in shares of Euronet Worldwide by 18.6% during the 4th quarter. Ellsworth Advisors LLC now owns 7,083 shares of the business services provider’s stock worth $728,000 after purchasing an additional 1,111 shares during the last quarter. Value Holdings Management CO. LLC raised its holdings in shares of Euronet Worldwide by 119.8% in the 4th quarter. Value Holdings Management CO. LLC now owns 57,823 shares of the business services provider’s stock worth $5,947,000 after purchasing an additional 31,518 shares during the period. Central Valley Advisors LLC purchased a new position in Euronet Worldwide in the fourth quarter valued at approximately $1,573,000. Finally, Cooper Financial Group grew its holdings in Euronet Worldwide by 5.6% during the fourth quarter. Cooper Financial Group now owns 8,232 shares of the business services provider’s stock valued at $847,000 after purchasing an additional 437 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EEFT shares. Needham & Company LLC restated a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $118.00 to $110.00 in a report on Friday, October 18th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, January 20th. 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. Finally, Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.14.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $98.94 on Wednesday. Euronet Worldwide, Inc. has a 12-month low of $91.07 and a 12-month high of $117.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. The company has a market cap of $4.35 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 0.78 and a beta of 1.43. The stock has a 50-day moving average price of $101.79 and a 200-day moving average price of $100.98.

Insider Activity at Euronet Worldwide

In related news, CEO Nikos Fountas sold 21,479 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the transaction, the chief executive officer now owns 52,370 shares of the company’s stock, valued at $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the senior vice president now owns 39,983 shares in the company, valued at $4,290,575.73. The trade was a 19.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,910 shares of company stock valued at $8,780,102 over the last three months. 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.