Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by First Sabrepoint Capital Management LP

First Sabrepoint Capital Management LP lowered its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 6.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,768 shares of the business services provider's stock after selling 7,232 shares during the period. Euronet Worldwide comprises 3.2% of First Sabrepoint Capital Management LP's portfolio, making the stock its 9th largest holding. First Sabrepoint Capital Management LP owned approximately 0.25% of Euronet Worldwide worth $10,892,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EEFT. CWM LLC raised its position in Euronet Worldwide by 87.7% in the second quarter. CWM LLC now owns 1,860 shares of the business services provider's stock worth $193,000 after purchasing an additional 869 shares in the last quarter. SG Americas Securities LLC raised its stake in Euronet Worldwide by 99.4% during the second quarter. SG Americas Securities LLC now owns 9,039 shares of the business services provider's stock worth $936,000 after acquiring an additional 4,507 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Euronet Worldwide by 11.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,328 shares of the business services provider's stock valued at $241,000 after acquiring an additional 239 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of Euronet Worldwide by 10.9% in the 2nd quarter. Wedge Capital Management L L P NC now owns 19,374 shares of the business services provider's stock valued at $2,005,000 after purchasing an additional 1,903 shares in the last quarter. Finally, Fiduciary Financial Group LLC bought a new stake in shares of Euronet Worldwide in the 2nd quarter worth about $254,000. Institutional investors own 91.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. DA Davidson restated a "buy" rating and issued a $136.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Oppenheimer increased their price target on Euronet Worldwide from $121.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, November 25th. Needham & Company LLC cut their price objective on Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Citigroup lowered Euronet Worldwide from a "buy" rating to a "neutral" rating and lowered their target price for the company from $118.00 to $110.00 in a research note on Friday, October 18th. Finally, Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $127.13.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now owns 90,288 shares of the company's stock, valued at approximately $9,625,603.68. This represents a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Martin L. Bruckner sold 9,397 shares of the stock in a transaction on Monday, November 25th. The stock was 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 owns 39,983 shares in the company, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.50% of the company's stock.

Euronet Worldwide Trading Up 0.1 %

Shares of NASDAQ:EEFT traded up $0.06 during trading on Tuesday, hitting $103.68. 134,990 shares of the company's stock were exchanged, compared to its average volume of 298,285. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. The firm has a market cap of $4.55 billion, a P/E ratio of 14.97, a PEG ratio of 0.94 and a beta of 1.44. The firm has a 50-day moving average price of $101.12 and a two-hundred day moving average price of $102.93. Euronet Worldwide, Inc. has a 1-year low of $90.41 and a 1-year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same quarter in the previous year, the business earned $2.53 EPS. Equities analysts predict that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current year.

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.