Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. decreased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 78.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,094 shares of the business services provider’s stock after selling 34,058 shares during the period. Meeder Asset Management Inc.’s holdings in Euronet Worldwide were worth $935,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its position in Euronet Worldwide by 0.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider’s stock valued at $340,955,000 after purchasing an additional 16,220 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Euronet Worldwide by 13.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock valued at $105,604,000 after acquiring an additional 127,240 shares during the period. Reinhart Partners LLC. grew its position in shares of Euronet Worldwide by 3.4% during the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock worth $64,496,000 after acquiring an additional 20,824 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 acquiring an additional 8,015 shares during the period. Finally, Norges Bank bought a new stake in Euronet Worldwide in the 4th quarter valued at about $53,072,000. 91.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Stephens restated an “overweight” rating and issued a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, February 14th. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Needham & Company LLC reiterated a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. Keefe, Bruyette & Woods raised their price target on Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Finally, Oppenheimer reduced their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.86.

Euronet Worldwide Trading Down 0.3 %

Shares of EEFT stock opened at $106.85 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The stock has a 50-day simple moving average of $101.85 and a 200 day simple moving average of $101.49. 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 $4.67 billion, a P/E ratio of 16.51, a P/E/G ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. On average, sell-side analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael J. Brown sold 95,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the completion of the sale, the chief executive officer now directly owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 10.50% of the stock is currently owned by company insiders.

Euronet Worldwide Company 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.