IVC Wealth Advisors LLC Has $341,000 Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

IVC Wealth Advisors LLC increased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 51.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,317 shares of the business services provider’s stock after purchasing an additional 1,133 shares during the period. IVC Wealth Advisors LLC’s holdings in Euronet Worldwide were worth $341,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Euronet Worldwide by 5.4% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock valued at $16,004,000 after purchasing an additional 8,230 shares in the last quarter. Maverick Capital Ltd. boosted its stake in Euronet Worldwide by 507.8% in the second quarter. Maverick Capital Ltd. now owns 14,916 shares of the business services provider’s stock valued at $1,544,000 after buying an additional 12,462 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Euronet Worldwide in the third quarter valued at about $15,258,000. Holocene Advisors LP acquired a new position in Euronet Worldwide during the third quarter worth about $666,000. Finally, Reinhart Partners LLC. lifted its holdings in shares of Euronet Worldwide by 3.4% in the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock worth $64,496,000 after acquiring an additional 20,824 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

Insider Activity at Euronet Worldwide

In other news, SVP Martin L. Bruckner sold 9,397 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $107.31, for a total value of $1,008,392.07. Following the transaction, the senior vice president now directly owns 39,983 shares of the company’s stock, valued at $4,290,575.73. The trade was a 19.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the completion of the sale, the chief executive officer now owns 90,288 shares of the company’s stock, valued at approximately $9,625,603.68. The trade was a 36.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,910 shares of company stock worth $8,780,102 over the last quarter. Company insiders own 10.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EEFT shares. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th. DA Davidson restated a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Finally, Oppenheimer reduced their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Euronet Worldwide has an average rating of “Moderate Buy” and a consensus target price of $126.25.

Euronet Worldwide Price Performance

Euronet Worldwide stock opened at $96.78 on Friday. The stock’s 50 day moving average is $102.66 and its 200 day moving average is $101.31. Euronet Worldwide, Inc. has a one year low of $91.07 and a one year high of $117.66. The firm has a market cap of $4.25 billion, a P/E ratio of 13.99, a P/E/G ratio of 0.79 and a beta of 1.44. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company earned $2.53 EPS. As a group, research analysts expect that Euronet Worldwide, Inc. will post 7.85 EPS for the current year.

About Euronet Worldwide

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.