Frontier Capital Management Co. LLC Purchases 13,013 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Frontier Capital Management Co. LLC grew its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 22.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,194 shares of the business services provider’s stock after buying an additional 13,013 shares during the quarter. Frontier Capital Management Co. LLC owned 0.16% of Euronet Worldwide worth $7,424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EEFT. Deutsche Bank AG increased its position in shares of Euronet Worldwide by 65.0% during the 4th quarter. Deutsche Bank AG now owns 5,643 shares of the business services provider’s stock valued at $580,000 after purchasing an additional 2,223 shares during the last quarter. EP Wealth Advisors LLC grew its position in Euronet Worldwide by 18.4% during the fourth quarter. EP Wealth Advisors LLC now owns 2,532 shares of the business services provider’s stock valued at $260,000 after buying an additional 393 shares during the period. Cubist Systematic Strategies LLC increased its holdings in Euronet Worldwide by 68.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 75,579 shares of the business services provider’s stock worth $7,773,000 after buying an additional 30,823 shares during the last quarter. Captrust Financial Advisors raised its position in Euronet Worldwide by 3.9% in the fourth quarter. Captrust Financial Advisors now owns 8,294 shares of the business services provider’s stock worth $853,000 after acquiring an additional 311 shares during the period. Finally, Algert Global LLC boosted its stake in Euronet Worldwide by 57.2% in the fourth quarter. Algert Global LLC now owns 135,903 shares of the business services provider’s stock valued at $13,976,000 after acquiring an additional 49,434 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on EEFT shares. William Blair reaffirmed an “outperform” rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their target price on Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a research note on Friday, April 25th. Stephens reiterated an “overweight” rating and set a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, February 14th. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Finally, Needham & Company LLC lowered their target price on shares of Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Four 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.com, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $125.57.

Euronet Worldwide Price Performance

Euronet Worldwide stock opened at $108.30 on Friday. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 0.78 and a beta of 1.25. 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 business has a 50-day simple moving average of $100.62 and a 200 day simple moving average of $101.34. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.13. The business had revenue of $915.50 million for the quarter, compared to the consensus estimate of $908.93 million. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. Euronet Worldwide’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $1.28 earnings per share. On average, research analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Insider Activity at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the transaction, the chief executive officer now directly owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This represents a 6.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.20% of the stock is owned by 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.