Bridgewater Associates LP Has $5.79 Million Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Bridgewater Associates LP grew its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 12.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,283 shares of the business services provider's stock after purchasing an additional 6,151 shares during the period. Bridgewater Associates LP owned about 0.13% of Euronet Worldwide worth $5,788,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EEFT. Proficio Capital Partners LLC acquired a new stake in shares of Euronet Worldwide during the 4th quarter valued at about $28,000. R Squared Ltd acquired a new stake in shares of Euronet Worldwide during the 4th quarter valued at about $58,000. Covestor Ltd boosted its position in shares of Euronet Worldwide by 40.9% during the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider's stock valued at $73,000 after acquiring an additional 207 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its position in shares of Euronet Worldwide by 15,240.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock valued at $79,000 after acquiring an additional 762 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after acquiring an additional 709 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the transaction, the chief executive officer now directly owns 1,418,966 shares of the company's stock, valued at approximately $142,875,686.54. The trade was a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.20% of the company's stock.

Euronet Worldwide Price Performance

EEFT stock traded up $4.23 during trading on Wednesday, hitting $98.53. 107,055 shares of the stock traded hands, compared to its average volume of 342,270. Euronet Worldwide, Inc. has a one year low of $85.24 and a one year high of $117.66. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 0.78 and a beta of 1.18. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. The company has a 50 day simple moving average of $100.93 and a 200 day simple moving average of $101.00.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share 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%. Equities analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EEFT has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a "market perform" rating in a research report on Friday, February 14th. StockNews.com lowered shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, Stephens reissued an "overweight" rating and set a $130.00 price target on shares of Euronet Worldwide in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Euronet Worldwide currently has an average rating of "Moderate Buy" and a consensus target price of $125.86.

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.