Euronet Worldwide, Inc. (EEFT) Shares Sold by Mesirow Financial Investment Management Equity Management

Mesirow Financial Investment Management Equity Management cut its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 50.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,073 shares of the business services provider’s stock after selling 88,847 shares during the period. Mesirow Financial Investment Management Equity Management owned approximately 0.17% of Euronet Worldwide worth $8,812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. CWM LLC boosted its holdings in Euronet Worldwide by 66.1% in the fourth quarter. CWM LLC now owns 294 shares of the business services provider’s stock worth $30,000 after purchasing an additional 117 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Euronet Worldwide by 21.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the business services provider’s stock valued at $87,000 after purchasing an additional 150 shares during the period. Hanseatic Management Services Inc. bought a new stake in shares of Euronet Worldwide during the 4th quarter valued at $113,000. Huntington National Bank raised its position in shares of Euronet Worldwide by 183.7% during the 4th quarter. Huntington National Bank now owns 1,129 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 731 shares during the period. Finally, SRS Capital Advisors Inc. bought a new stake in Euronet Worldwide in the 3rd quarter valued at $133,000.

NASDAQ EEFT opened at $129.96 on Monday. Euronet Worldwide, Inc. has a one year low of $70.67 and a one year high of $129.33. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $6.53 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 1.44 and a beta of 1.12.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Thursday, February 7th. The business services provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. Euronet Worldwide had a net margin of 9.18% and a return on equity of 25.64%. The company had revenue of $649.40 million during the quarter, compared to the consensus estimate of $663.82 million. During the same quarter in the previous year, the firm earned $1.13 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts anticipate that Euronet Worldwide, Inc. will post 6.58 earnings per share for the current year.

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 50,922 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $119.53, for a total transaction of $6,086,706.66. Following the sale, the chief executive officer now owns 97,774 shares of the company’s stock, valued at $11,686,926.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael J. Brown sold 2,610 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $110.11, for a total transaction of $287,387.10. Following the sale, the chief executive officer now directly owns 1,454,817 shares in the company, valued at approximately $160,189,899.87. The disclosure for this sale can be found here. Insiders sold 197,716 shares of company stock valued at $23,154,994 in the last quarter. 7.40% of the stock is owned by insiders.

A number of brokerages have commented on EEFT. DA Davidson lifted their price objective on shares of Euronet Worldwide to $152.00 and gave the stock a “buy” rating in a research note on Monday. SunTrust Banks boosted their price objective on shares of Euronet Worldwide to $145.00 and gave the company a “buy” rating in a research report on Monday. Needham & Company LLC boosted their price target on shares of Euronet Worldwide from $135.00 to $160.00 and gave the company a “buy” rating in a report on Monday. Zacks Investment Research upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Tuesday, December 18th. Finally, BidaskClub upgraded shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Euronet Worldwide presently has a consensus rating of “Buy” and a consensus price target of $136.75.

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About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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