153,764 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 153,764 shares of the business services provider's stock, valued at approximately $15,258,000. Los Angeles Capital Management LLC owned approximately 0.34% of Euronet Worldwide at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in shares of Euronet Worldwide in the first quarter worth $50,000. Covestor Ltd lifted its position in Euronet Worldwide by 174.9% during the first quarter. Covestor Ltd now owns 547 shares of the business services provider's stock valued at $60,000 after purchasing an additional 348 shares during the last quarter. Summit Securities Group LLC purchased a new position in Euronet Worldwide in the 2nd quarter worth approximately $57,000. GAMMA Investing LLC increased its holdings in shares of Euronet Worldwide by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider's stock worth $61,000 after buying an additional 241 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Euronet Worldwide during the 2nd quarter valued at $80,000. Hedge funds and other institutional investors own 91.60% of the company's stock.

Insiders Place Their Bets

In other news, CEO Juan Bianchi sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the transaction, the chief executive officer now directly owns 12,440 shares of the company's stock, valued at approximately $1,276,095.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.50% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on EEFT. DA Davidson reiterated a "buy" rating and issued a $136.00 target price on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Needham & Company LLC reduced their price objective on Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. Oppenheimer assumed coverage on Euronet Worldwide in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $121.00 target price for the company. StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, August 9th. Finally, Citigroup lowered shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.38.

Euronet Worldwide Trading Up 2.6 %

NASDAQ:EEFT traded up $2.63 during midday trading on Monday, reaching $104.61. 232,527 shares of the stock traded hands, compared to its average volume of 305,614. The stock has a market capitalization of $4.60 billion, a P/E ratio of 15.12 and a beta of 1.46. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.19 and a current ratio of 1.26. The company has a fifty day moving average of $99.43 and a 200 day moving average of $103.99. Euronet Worldwide, Inc. has a 12 month low of $79.81 and a 12 month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, beating the consensus estimate of $2.92 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same period in the prior year, the firm posted $2.53 earnings per share. On average, research analysts predict that Euronet Worldwide, Inc. will post 7.87 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.