Cambiar Investors LLC Sells 11,794 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Cambiar Investors LLC lowered its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,437 shares of the business services provider’s stock after selling 11,794 shares during the period. Cambiar Investors LLC owned about 0.24% of Euronet Worldwide worth $10,946,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new stake in Euronet Worldwide during the fourth quarter valued at about $58,000. GAMMA Investing LLC grew its holdings in Euronet Worldwide by 121.3% during the fourth 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. Blue Trust Inc. grew its holdings in Euronet Worldwide by 26.1% during the fourth 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 period. Quarry LP grew its holdings in Euronet Worldwide by 21.6% during the third 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 period. Finally, Daiwa Securities Group Inc. bought a new stake in Euronet Worldwide during the third quarter valued at about $109,000. Institutional investors own 91.60% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a report on Thursday, December 12th. Oppenheimer dropped their price objective on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Citigroup lowered 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 research note on Friday, October 18th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, January 20th. Finally, Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Three equities research 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.14.

Insider Activity at Euronet Worldwide

In other news, CEO Kevin J. Caponecchi sold 52,034 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 90,288 shares of the company’s stock, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president now directly owns 39,983 shares of the company’s stock, valued at $4,290,575.73. The trade was a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,910 shares of company stock valued at $8,780,102. Insiders own 10.50% of the company’s stock.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock opened at $96.69 on Tuesday. The stock has a 50 day moving average of $101.18 and a 200 day moving average of $100.91. Euronet Worldwide, Inc. has a 12 month low of $91.07 and a 12 month high of $117.66. The firm has a market cap of $4.25 billion, a PE ratio of 13.97, a PEG ratio of 0.77 and a beta of 1.43. 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 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.