Rice Hall James & Associates LLC Has $33.46 Million Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Rice Hall James & Associates LLC decreased its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 325,402 shares of the business services provider’s stock after selling 16,921 shares during the period. Euronet Worldwide comprises 1.8% of Rice Hall James & Associates LLC’s holdings, making the stock its 11th biggest position. Rice Hall James & Associates LLC’s holdings in Euronet Worldwide were worth $33,464,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new position in shares of Euronet Worldwide in the 4th quarter valued at $58,000. GAMMA Investing LLC increased its stake 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 last quarter. Blue Trust Inc. increased its stake in shares of Euronet Worldwide by 26.1% in the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 205 shares during the last quarter. Quarry LP increased its stake in shares of Euronet Worldwide by 21.6% in the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 193 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in shares of Euronet Worldwide in the 3rd quarter valued at $109,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EEFT shares. Stephens reiterated an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a research note on Friday. Keefe, Bruyette & Woods lifted their price target on Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research note on Friday. Oppenheimer decreased their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Finally, StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Euronet Worldwide has an average rating of “Moderate Buy” and a consensus target price of $127.00.

Euronet Worldwide Stock Up 0.7 %

Shares of EEFT opened at $104.64 on Tuesday. The company has a market capitalization of $4.60 billion, a PE ratio of 15.12, a PEG ratio of 0.77 and a beta of 1.43. Euronet Worldwide, Inc. has a 12 month low of $91.07 and a 12 month high of $117.66. The stock’s 50-day moving average price is $100.84 and its two-hundred day moving average price is $100.91. 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 (NASDAQ:EEFT) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. On average, analysts anticipate that Euronet Worldwide, Inc. will post 7.85 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Kevin J. Caponecchi sold 52,034 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the transaction, the chief executive officer now directly owns 90,288 shares of the company’s stock, valued at $9,625,603.68. The trade was a 36.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the transaction, the chief executive officer now directly owns 52,370 shares in the company, valued at $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,910 shares of company stock valued at $8,780,102. 10.50% of the stock is currently owned by company 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.