Sheets Smith Wealth Management cut its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 42.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,171 shares of the business services provider’s stock after selling 3,051 shares during the period. Sheets Smith Wealth Management’s holdings in Euronet Worldwide were worth $351,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. American Century Companies Inc. lifted its holdings in Euronet Worldwide by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 4,972 shares of the business services provider’s stock worth $434,000 after purchasing an additional 94 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Euronet Worldwide by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after acquiring an additional 116 shares during the last quarter. Dana Investment Advisors Inc. increased its stake in Euronet Worldwide by 0.5% in the 2nd quarter. Dana Investment Advisors Inc. now owns 29,239 shares of the business services provider’s stock worth $2,555,000 after acquiring an additional 156 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Euronet Worldwide by 10.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock worth $157,000 after acquiring an additional 167 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Euronet Worldwide by 1.2% in the 2nd quarter. Alliancebernstein L.P. now owns 31,645 shares of the business services provider’s stock worth $2,765,000 after acquiring an additional 390 shares during the last quarter. 95.17% of the stock is currently owned by institutional investors.

EEFT has been the topic of a number of research reports. BidaskClub raised Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. SunTrust Banks reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research note on Friday, October 6th. William Blair downgraded Euronet Worldwide from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $112.00 price objective on shares of Euronet Worldwide in a research note on Sunday, October 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $108.86.

Shares of Euronet Worldwide, Inc. (EEFT) opened at $95.00 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. Euronet Worldwide, Inc. has a 12 month low of $70.51 and a 12 month high of $101.07. The stock has a market capitalization of $5,014.71, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 1.26 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.61. The business had revenue of $637.90 million for the quarter, compared to the consensus estimate of $595.09 million. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The company’s revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS. sell-side analysts expect that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current year.

In other news, CEO Nikos Fountas sold 296 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $92.00, for a total transaction of $27,232.00. Following the transaction, the chief executive officer now owns 550 shares of the company’s stock, valued at approximately $50,600. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael J. Brown sold 63,538 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $100.06, for a total value of $6,357,612.28. Following the transaction, the chief executive officer now directly owns 1,603,486 shares in the company, valued at approximately $160,444,809.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,235 shares of company stock worth $9,201,216. Corporate insiders own 7.70% of the company’s stock.

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About Euronet Worldwide

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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