Carnick & Kubik Group LLC purchased a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 49,612 shares of the business services provider’s stock, valued at approximately $4,180,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in shares of Euronet Worldwide by 1.1% in the second quarter. Northern Trust Corp now owns 305,635 shares of the business services provider’s stock valued at $26,704,000 after purchasing an additional 3,384 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of Euronet Worldwide by 3.8% in the second quarter. Parametric Portfolio Associates LLC now owns 64,547 shares of the business services provider’s stock valued at $5,639,000 after purchasing an additional 2,361 shares during the period. Numeric Investors LLC acquired a new stake in shares of Euronet Worldwide in the second quarter valued at about $341,000. Macquarie Group Ltd. acquired a new stake in shares of Euronet Worldwide in the second quarter valued at about $302,000. Finally, Cubist Systematic Strategies LLC grew its position in shares of Euronet Worldwide by 20.4% in the second quarter. Cubist Systematic Strategies LLC now owns 7,144 shares of the business services provider’s stock valued at $624,000 after purchasing an additional 1,209 shares during the period. Institutional investors own 95.62% of the company’s stock.

Euronet Worldwide, Inc. (NASDAQ EEFT) opened at $79.85 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44. The firm has a market cap of $4,146.00, a PE ratio of 18.26, a PEG ratio of 1.03 and a beta of 1.43. Euronet Worldwide, Inc. has a 52 week low of $76.26 and a 52 week high of $101.07.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The firm had revenue of $604.60 million for the quarter, compared to the consensus estimate of $609.53 million. Euronet Worldwide had a net margin of 6.97% and a return on equity of 22.41%. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period last year, the firm posted $0.99 earnings per share. research analysts anticipate that Euronet Worldwide, Inc. will post 5.07 EPS for the current year.

Several analysts have recently issued reports on EEFT shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $112.00 target price on shares of Euronet Worldwide in a research report on Sunday, October 22nd. BidaskClub lowered shares of Euronet Worldwide from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 27th. Zacks Investment Research lowered shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a research report on Monday, December 25th. Northland Securities reiterated a “buy” rating and issued a $110.00 target price on shares of Euronet Worldwide in a research report on Thursday, October 19th. Finally, William Blair lowered shares of Euronet Worldwide from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $111.71.

In other news, CEO Nikos Fountas sold 296 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $92.00, for a total value of $27,232.00. Following the transaction, the chief executive officer now directly owns 550 shares of the company’s stock, valued at $50,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael J. Brown sold 20,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $91.22, for a total transaction of $1,824,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,522,348 shares in the company, valued at $138,868,584.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,297 shares of company stock worth $4,428,004. Insiders own 7.70% of the company’s stock.

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Euronet Worldwide Company Profile

Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.

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

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