New South Capital Management Inc. Reduces Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

New South Capital Management Inc. reduced its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 611,543 shares of the business services provider’s stock after selling 4,604 shares during the period. Euronet Worldwide accounts for approximately 2.6% of New South Capital Management Inc.’s portfolio, making the stock its 10th largest position. New South Capital Management Inc.’s holdings in Euronet Worldwide were worth $62,891,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new position in Euronet Worldwide in the 4th quarter worth approximately $28,000. Cornerstone Investment Partners LLC increased its position in Euronet Worldwide by 4.4% in the 4th quarter. Cornerstone Investment Partners LLC now owns 5,868 shares of the business services provider’s stock worth $603,000 after buying an additional 248 shares during the period. Charles Schwab Investment Management Inc. increased its position in Euronet Worldwide by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 566,002 shares of the business services provider’s stock worth $58,208,000 after buying an additional 8,015 shares during the period. Jones Financial Companies Lllp increased its position in Euronet Worldwide by 485.6% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock worth $88,000 after buying an additional 709 shares during the period. Finally, Hahn Capital Management LLC increased its position in Euronet Worldwide by 48.0% in the 4th quarter. Hahn Capital Management LLC now owns 105,278 shares of the business services provider’s stock worth $10,827,000 after buying an additional 34,152 shares during the period. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Stock Performance

Shares of NASDAQ:EEFT opened at $96.99 on Thursday. The business’s fifty day moving average price is $100.47 and its two-hundred day moving average price is $101.29. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37. 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 (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 analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. As a group, analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Oppenheimer lowered their price objective on 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 restated an “overweight” rating and set a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, February 14th. Finally, Keefe, Bruyette & Woods boosted their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $127.00.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of the company’s 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company 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.