Versor Investments LP Sells 5,719 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Versor Investments LP decreased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 48.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,013 shares of the business services provider's stock after selling 5,719 shares during the period. Versor Investments LP's holdings in Euronet Worldwide were worth $618,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. State of Alaska Department of Revenue raised its holdings in shares of Euronet Worldwide by 3.6% during the third quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider's stock valued at $486,000 after acquiring an additional 170 shares in the last quarter. New York State Teachers Retirement System raised its holdings in Euronet Worldwide by 12.7% in the 3rd quarter. New York State Teachers Retirement System now owns 23,081 shares of the business services provider's stock worth $2,290,000 after purchasing an additional 2,599 shares in the last quarter. Stephens Inc. AR lifted its position in shares of Euronet Worldwide by 2.9% in the 3rd quarter. Stephens Inc. AR now owns 31,285 shares of the business services provider's stock worth $3,104,000 after purchasing an additional 886 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Euronet Worldwide by 15.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 9,382 shares of the business services provider's stock valued at $931,000 after purchasing an additional 1,253 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Euronet Worldwide by 21.2% during the third quarter. Harbor Capital Advisors Inc. now owns 56,096 shares of the business services provider's stock valued at $5,566,000 after buying an additional 9,823 shares during the period. Hedge funds and other institutional investors own 91.60% of the company's stock.

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Euronet Worldwide Stock Down 2.6 %

Euronet Worldwide stock traded down $2.54 during mid-day trading on Tuesday, reaching $96.76. The stock had a trading volume of 155,874 shares, compared to its average volume of 332,574. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.78 and a beta of 1.43. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. Euronet Worldwide, Inc. has a one year low of $91.07 and a one year high of $117.66. The company has a 50-day moving average price of $100.67 and a two-hundred day moving average price of $101.34.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced 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 27.74% and a net margin of 7.69%. On average, analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Insider Activity at Euronet Worldwide

In related news, CEO Nikos Fountas sold 21,479 shares of the stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on EEFT. StockNews.com lowered shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Needham & Company LLC restated a "buy" rating and issued a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th. Stephens restated an "overweight" rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. Oppenheimer decreased their price objective on Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating for the company in a report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a "market perform" rating in a report on Friday, February 14th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $127.00.

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.