Entropy Technologies LP Acquires New Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Entropy Technologies LP purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,912 shares of the business services provider's stock, valued at approximately $402,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd purchased a new position in Euronet Worldwide in the fourth quarter worth $58,000. GAMMA Investing LLC grew its holdings in shares of Euronet Worldwide by 121.3% during the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider's stock valued at $98,000 after buying an additional 523 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Euronet Worldwide by 26.1% during the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider's stock valued at $98,000 after buying an additional 205 shares during the last quarter. Quarry LP grew its holdings in shares of Euronet Worldwide by 21.6% during the third quarter. Quarry LP now owns 1,087 shares of the business services provider's stock valued at $108,000 after buying an additional 193 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Euronet Worldwide during the third quarter valued at $109,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Nikos Fountas sold 21,479 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the transaction, the chief executive officer now owns 52,370 shares in the company, valued at $5,423,437.20. This represents a 29.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the transaction, the chief executive officer now owns 90,288 shares of the company's stock, valued at approximately $9,625,603.68. This trade represents a 36.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,910 shares of company stock worth $8,780,102. Company insiders own 10.50% of the company's stock.

Euronet Worldwide Stock Performance

NASDAQ EEFT traded up $0.73 on Friday, reaching $104.64. 587,341 shares of the company's stock traded hands, compared to its average volume of 235,070. The stock has a 50 day moving average price of $100.82 and a 200-day moving average price of $100.87. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 0.77 and a beta of 1.43. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. 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 (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings data 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 26.86% and a net margin of 8.49%. Equities research analysts predict that Euronet Worldwide, Inc. will post 7.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EEFT. StockNews.com lowered shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Thursday. Keefe, Bruyette & Woods boosted their price objective on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a "market perform" rating in a report on Friday. Monness Crespi & Hardt raised shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 24th. Needham & Company LLC reissued a "buy" rating and set a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday, December 12th. Finally, Stephens restated an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide in a research report on Friday. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.00.

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.