AlphaQuest LLC Sells 12,498 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

AlphaQuest LLC reduced its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 37.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,727 shares of the business services provider's stock after selling 12,498 shares during the period. AlphaQuest LLC's holdings in Euronet Worldwide were worth $2,132,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of Euronet Worldwide in the fourth quarter worth $28,000. R Squared Ltd acquired a new position in Euronet Worldwide in the 4th quarter valued at about $58,000. Jones Financial Companies Lllp lifted its holdings in Euronet Worldwide by 485.6% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after purchasing an additional 709 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Euronet Worldwide by 121.3% in the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider's stock valued at $98,000 after purchasing an additional 523 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Euronet Worldwide by 26.1% during the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider's stock worth $98,000 after purchasing an additional 205 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. StockNews.com lowered shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Keefe, Bruyette & Woods raised their price target on Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a research note on Friday, February 14th. Stephens reaffirmed an "overweight" rating and set a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Finally, Oppenheimer decreased their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $127.00.

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Euronet Worldwide Trading Up 1.5 %

Shares of EEFT stock traded up $1.51 during mid-day trading on Thursday, reaching $100.91. The company's stock had a trading volume of 790,737 shares, compared to its average volume of 308,047. The company's 50 day simple moving average is $99.97 and its 200-day simple moving average is $101.14. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a 12-month low of $91.07 and a 12-month high of $117.66. The firm has a market capitalization of $4.41 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing analysts' consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. On average, research analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal 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.