Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Rating) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 119,700 shares of the business services provider’s stock after selling 200 shares during the period. Swiss National Bank owned 0.24% of Euronet Worldwide worth $11,297,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. CWM LLC raised its holdings in shares of Euronet Worldwide by 127.0% during the 4th quarter. CWM LLC now owns 404 shares of the business services provider’s stock worth $38,000 after acquiring an additional 226 shares during the period. Romano Brothers AND Company purchased a new stake in Euronet Worldwide in the 4th quarter valued at about $56,000. Castle Wealth Management LLC lifted its position in Euronet Worldwide by 658.5% in the third quarter. Castle Wealth Management LLC now owns 622 shares of the business services provider’s stock valued at $47,000 after buying an additional 540 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Euronet Worldwide by 18.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 747 shares of the business services provider’s stock valued at $72,000 after buying an additional 117 shares during the last quarter. Finally, Covestor Ltd lifted its position in Euronet Worldwide by 634.1% in the first quarter. Covestor Ltd now owns 903 shares of the business services provider’s stock valued at $118,000 after buying an additional 780 shares during the last quarter. Hedge funds and other institutional investors own 93.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. TheStreet cut shares of Euronet Worldwide from a “b-” rating to a “c” rating in a research report on Wednesday, May 3rd. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and set a $117.00 target price on the stock. in a research report on Monday, January 23rd. Truist Financial upped their target price on shares of Euronet Worldwide from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, January 20th. StockNews.com started coverage on shares of Euronet Worldwide in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, Stephens reissued an “equal weight” rating and set a $100.00 price target on shares of Euronet Worldwide in a research report on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Euronet Worldwide has an average rating of “Hold” and a consensus price target of $119.38.

Insider Buying and Selling

In related news, CEO Nikos Fountas sold 4,280 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $103.06, for a total transaction of $441,096.80. Following the sale, the chief executive officer now directly owns 31,529 shares in the company, valued at $3,249,378.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.90% of the company’s stock.

Euronet Worldwide Stock Up 0.8 %

EEFT stock opened at $112.37 on Tuesday. The company’s 50 day moving average price is $108.61 and its 200 day moving average price is $102.46. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.58 and a current ratio of 1.75. Euronet Worldwide, Inc. has a fifty-two week low of $71.60 and a fifty-two week high of $123.40. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 24.17 and a beta of 1.34.

About Euronet Worldwide

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Euronet Worldwide, Inc engages in the provision of electronic payment and transaction processing and distribution solutions. Its products and services include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, software solutions and cloud based payment solutions, electronic distribution of electronic payment products, foreign exchange services, and international payment services.