Choreo LLC Has $748,000 Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Choreo LLC lifted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 65.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,295 shares of the business services provider's stock after purchasing an additional 2,875 shares during the period. Choreo LLC's holdings in Euronet Worldwide were worth $748,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Thompson Siegel & Walmsley LLC grew its stake in shares of Euronet Worldwide by 5.4% during the third quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider's stock worth $16,004,000 after purchasing an additional 8,230 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Euronet Worldwide during the 3rd quarter worth about $15,258,000. Janney Montgomery Scott LLC increased its stake in shares of Euronet Worldwide by 28.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider's stock valued at $1,236,000 after acquiring an additional 2,632 shares during the last quarter. Holocene Advisors LP acquired a new stake in shares of Euronet Worldwide in the 3rd quarter valued at approximately $666,000. Finally, Reinhart Partners LLC. boosted its stake in Euronet Worldwide by 3.4% during the 4th quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider's stock worth $64,496,000 after acquiring an additional 20,824 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Euronet Worldwide news, SVP Martin L. Bruckner sold 9,397 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the sale, the senior vice president now directly owns 39,983 shares in the company, valued at $4,290,575.73. This trade represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $106.61, for a total value of $5,547,344.74. Following the completion of the transaction, the chief executive officer now directly owns 90,288 shares in the company, valued at approximately $9,625,603.68. This represents a 36.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,910 shares of company stock valued at $8,780,102 over the last ninety days. 10.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EEFT. Oppenheimer dropped their price objective on Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 24th. Citigroup downgraded shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a "buy" rating and issued a $120.00 target price on shares of Euronet Worldwide in a research report on Thursday, December 12th. Finally, StockNews.com cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Euronet Worldwide has an average rating of "Moderate Buy" and a consensus target price of $127.14.

Euronet Worldwide Stock Performance

Shares of EEFT stock traded up $9.49 during trading on Thursday, reaching $103.91. 1,206,874 shares of the company's stock were exchanged, compared to its average volume of 295,947. Euronet Worldwide, Inc. has a twelve month low of $91.07 and a twelve month high of $117.66. The firm's fifty day moving average price is $100.80 and its 200-day moving average price is $100.85. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.56 billion, a PE ratio of 15.02, a PEG ratio of 0.77 and a beta of 1.43.

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.