Mendota Financial Group LLC Sells 369 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Mendota Financial Group LLC reduced its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 36.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 637 shares of the business services provider’s stock after selling 369 shares during the period. Mendota Financial Group LLC’s holdings in Euronet Worldwide were worth $66,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in Euronet Worldwide by 0.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider’s stock worth $333,039,000 after buying an additional 27,254 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Euronet Worldwide by 13.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock valued at $105,604,000 after purchasing an additional 127,240 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in Euronet Worldwide by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock worth $79,415,000 after purchasing an additional 10,689 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Euronet Worldwide by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock worth $78,172,000 after purchasing an additional 113,685 shares in the last quarter. Finally, Wasatch Advisors LP increased its stake in Euronet Worldwide by 45.8% in the 3rd quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock valued at $71,102,000 after buying an additional 224,982 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EEFT shares. DA Davidson reaffirmed a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Oppenheimer lowered their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $118.00 to $110.00 in a research note on Friday, October 18th. Finally, Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $126.25.

Euronet Worldwide Stock Performance

NASDAQ EEFT opened at $98.23 on Tuesday. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 0.94 and a beta of 1.44. The company has a 50-day simple moving average of $103.36 and a two-hundred day simple moving average of $101.57. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide, Inc. has a 12-month low of $91.07 and a 12-month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company earned $2.53 EPS. On average, equities analysts forecast that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

Insider Buying and Selling at Euronet Worldwide

In related news, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the sale, the chief executive officer now owns 52,370 shares of the company’s stock, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the transaction, the chief executive officer now directly owns 90,288 shares in the company, 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 sold 82,910 shares of company stock valued at $8,780,102 in the last quarter. Company insiders own 10.50% of the company’s stock.

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.