Dynamic Technology Lab Private Ltd Has $486,000 Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Dynamic Technology Lab Private Ltd lessened its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 79.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,900 shares of the business services provider's stock after selling 18,844 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Euronet Worldwide were worth $486,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in Euronet Worldwide by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider's stock valued at $333,039,000 after purchasing an additional 27,254 shares during the period. Van Berkom & Associates Inc. boosted its stake in Euronet Worldwide by 1.4% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider's stock valued at $105,793,000 after purchasing an additional 14,090 shares during the period. Burgundy Asset Management Ltd. boosted its stake in Euronet Worldwide by 1.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider's stock valued at $79,415,000 after purchasing an additional 10,689 shares during the period. Dimensional Fund Advisors LP boosted its stake in Euronet Worldwide by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider's stock valued at $78,172,000 after purchasing an additional 113,685 shares during the period. Finally, New South Capital Management Inc. boosted its stake in Euronet Worldwide by 16.2% during the 2nd quarter. New South Capital Management Inc. now owns 625,677 shares of the business services provider's stock valued at $64,758,000 after purchasing an additional 87,258 shares during the period. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT traded down $0.05 during midday trading on Friday, reaching $105.13. The company's stock had a trading volume of 142,675 shares, compared to its average volume of 300,978. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide, Inc. has a one year low of $86.51 and a one year high of $117.66. The company has a 50 day moving average price of $100.55 and a 200 day moving average price of $103.54. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 0.95 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.92 by $0.11. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations 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 prior year, the company posted $2.53 EPS. On average, equities research analysts expect that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on EEFT. Monness Crespi & Hardt raised shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 24th. DA Davidson reaffirmed a "buy" rating and issued a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. StockNews.com raised shares of Euronet Worldwide from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. Oppenheimer upped their price target on shares of Euronet Worldwide from $121.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, November 25th. Finally, Needham & Company LLC reduced their price target on shares of Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $127.13.

Insiders Place Their Bets

In related news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the transaction, the chief executive officer now owns 12,440 shares of the company's stock, valued at $1,276,095.20. This trade represents a 24.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Martin L. Bruckner sold 9,397 shares of Euronet Worldwide stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 39,983 shares in the company, valued at $4,290,575.73. The trade was a 19.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 65,431 shares of company stock valued at $6,966,057 in the last 90 days. 10.50% of the stock is currently owned by insiders.

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.