Dynamic Technology Lab Private Ltd Increases Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Dynamic Technology Lab Private Ltd increased its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 64.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,050 shares of the business services provider's stock after buying an additional 3,150 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Euronet Worldwide were worth $828,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. FMR LLC increased its stake in shares of Euronet Worldwide by 21.1% in the 3rd quarter. FMR LLC now owns 75,216 shares of the business services provider's stock valued at $7,464,000 after acquiring an additional 13,093 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in Euronet Worldwide in the 3rd quarter valued at approximately $457,000. Centiva Capital LP acquired a new stake in shares of Euronet Worldwide in the third quarter valued at approximately $618,000. Holocene Advisors LP bought a new stake in Euronet Worldwide during the 3rd quarter worth about $666,000. Finally, HighTower Advisors LLC raised its holdings in Euronet Worldwide by 0.6% during the third quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider's stock worth $2,540,000 after acquiring an additional 158 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the company a "market perform" rating in a research note on Friday, February 14th. Stephens reiterated an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Oppenheimer decreased their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. Finally, Needham & Company LLC restated a "buy" rating and set a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday, December 12th. Four investment 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $125.86.

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Euronet Worldwide Price Performance

EEFT traded down $0.16 during trading on Friday, reaching $92.47. 66,717 shares of the company were exchanged, compared to its average volume of 417,668. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $117.66. The company's 50-day moving average is $101.48 and its two-hundred day moving average is $101.21. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 0.78 and a beta of 1.18.

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%. Research analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. The trade was a 6.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 10.50% of the company's stock.

Euronet Worldwide 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.