ProShare Advisors LLC Makes New Investment in Euronet Worldwide, Inc. (NASDAQ:EEFT)

ProShare Advisors LLC bought a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,093 shares of the business services provider’s stock, valued at approximately $215,000.

A number of other institutional investors have also modified their holdings of EEFT. Norges Bank acquired a new stake in shares of Euronet Worldwide in the 4th quarter valued at about $53,072,000. Voss Capital LP grew its position in shares of Euronet Worldwide by 21.9% during the 4th quarter. Voss Capital LP now owns 630,000 shares of the business services provider’s stock valued at $64,789,000 after buying an additional 113,236 shares during the last quarter. Millennium Management LLC grew its position in Euronet Worldwide by 45.7% in the 4th quarter. Millennium Management LLC now owns 302,967 shares of the business services provider’s stock worth $31,157,000 after purchasing an additional 95,091 shares during the last quarter. First Trust Advisors LP grew its position in Euronet Worldwide by 59.0% in the 4th quarter. First Trust Advisors LP now owns 190,612 shares of the business services provider’s stock worth $19,602,000 after purchasing an additional 70,719 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Euronet Worldwide by 57.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 175,027 shares of the business services provider’s stock worth $18,000,000 after purchasing an additional 63,785 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insider Activity

In other news, CEO Michael J. Brown sold 95,000 shares of the 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on EEFT shares. Keefe, Bruyette & Woods decreased their target price on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating for the company in a research report on Friday, April 25th. William Blair restated an “outperform” rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Wall Street Zen cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Needham & Company LLC decreased their target price on shares of Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, Stephens reaffirmed an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.57.

Euronet Worldwide Trading Down 0.5%

Shares of NASDAQ:EEFT opened at $107.75 on Friday. The company has a 50 day moving average of $102.11 and a 200-day moving average of $102.12. The firm has a market cap of $4.66 billion, a P/E ratio of 16.65, a P/E/G ratio of 0.78 and a beta of 1.25. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve month high of $117.66. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92.

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

Euronet Worldwide 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.