6,231 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Purchased by Centiva Capital LP

Centiva Capital LP purchased a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,231 shares of the business services provider's stock, valued at approximately $618,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EEFT. Oppenheimer & Co. Inc. increased its stake in Euronet Worldwide by 0.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider's stock worth $1,793,000 after buying an additional 133 shares during the period. Arizona State Retirement System increased its position in shares of Euronet Worldwide by 1.1% during the second quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider's stock worth $1,260,000 after acquiring an additional 135 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Euronet Worldwide by 6.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider's stock worth $243,000 after acquiring an additional 143 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Euronet Worldwide by 3.6% during the third quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider's stock valued at $486,000 after acquiring an additional 170 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Euronet Worldwide by 14.7% in the second quarter. Fifth Third Bancorp now owns 1,588 shares of the business services provider's stock valued at $164,000 after purchasing an additional 203 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Down 0.3 %

EEFT traded down $0.36 during trading on Friday, hitting $103.39. The stock had a trading volume of 175,924 shares, compared to its average volume of 216,699. The stock has a 50 day simple moving average of $101.03 and a two-hundred day simple moving average of $103.09. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. Euronet Worldwide, Inc. has a twelve month low of $89.30 and a twelve month high of $117.66. The company has a market capitalization of $4.54 billion, a PE ratio of 14.94, a PEG ratio of 0.95 and a beta of 1.44.

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

Insiders Place Their Bets

In related news, SVP Martin L. Bruckner sold 9,397 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were 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 owns 39,983 shares in the company, valued at approximately $4,290,575.73. This represents a 19.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following 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. 10.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on EEFT. Oppenheimer raised their price objective on Euronet Worldwide from $121.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, November 25th. Citigroup downgraded Euronet Worldwide from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $118.00 to $110.00 in a report on Friday, October 18th. StockNews.com raised shares of Euronet Worldwide from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. Monness Crespi & Hardt raised shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 24th. Finally, Needham & Company LLC lowered their price target on shares of Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $127.13.

Euronet Worldwide Company Profile

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.