Hillsdale Investment Management Inc. Cuts Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Hillsdale Investment Management Inc. reduced its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 19.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,930 shares of the business services provider’s stock after selling 1,200 shares during the period. Hillsdale Investment Management Inc.’s holdings in Euronet Worldwide were worth $500,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Van Berkom & Associates Inc. increased its stake in Euronet Worldwide by 48.6% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,069,693 shares of the business services provider’s stock valued at $84,912,000 after purchasing an additional 349,720 shares in the last quarter. Voss Capital LLC boosted its stake in shares of Euronet Worldwide by 52.8% during the 4th quarter. Voss Capital LLC now owns 565,256 shares of the business services provider’s stock worth $57,368,000 after acquiring an additional 195,404 shares in the last quarter. Norges Bank acquired a new stake in shares of Euronet Worldwide during the 4th quarter valued at about $54,947,000. Reinhart Partners LLC. increased its stake in shares of Euronet Worldwide by 14.7% in the 4th quarter. Reinhart Partners LLC. now owns 533,825 shares of the business services provider’s stock valued at $54,178,000 after purchasing an additional 68,596 shares in the last quarter. Finally, Burgundy Asset Management Ltd. acquired a new position in Euronet Worldwide in the 3rd quarter worth about $35,309,000. Institutional investors own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Stephens raised shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 price target for the company in a report on Thursday, February 1st. Citigroup raised shares of Euronet Worldwide from a “neutral” rating to a “buy” rating and upped their price objective for the company from $116.00 to $120.00 in a research note on Monday, April 22nd. Monness Crespi & Hardt assumed coverage on Euronet Worldwide in a report on Wednesday, March 20th. They set a “buy” rating and a $140.00 target price on the stock. Wolfe Research upgraded Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Friday, May 17th. Finally, DA Davidson lifted their price objective on Euronet Worldwide from $126.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $121.89.

Euronet Worldwide Stock Down 0.6 %

Shares of EEFT opened at $114.15 on Wednesday. The company’s 50-day simple moving average is $108.37 and its 200-day simple moving average is $101.71. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.33 and a current ratio of 1.33. Euronet Worldwide, Inc. has a 1 year low of $73.84 and a 1 year high of $121.55. The stock has a market capitalization of $5.23 billion, a PE ratio of 20.10 and a beta of 1.39.

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.