GSA Capital Partners LLP Acquires Shares of 10,045 Euronet Worldwide, Inc. (NASDAQ:EEFT)

GSA Capital Partners LLP purchased a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund purchased 10,045 shares of the business services provider's stock, valued at approximately $997,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Janney Montgomery Scott LLC increased its stake in Euronet Worldwide by 62.3% during the first quarter. Janney Montgomery Scott LLC now owns 3,294 shares of the business services provider's stock worth $362,000 after acquiring an additional 1,265 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in Euronet Worldwide during the 1st quarter valued at $230,000. Headlands Technologies LLC bought a new stake in Euronet Worldwide in the first quarter worth $50,000. State Board of Administration of Florida Retirement System lifted its position in Euronet Worldwide by 0.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 54,289 shares of the business services provider's stock worth $6,075,000 after buying an additional 215 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Euronet Worldwide by 174.9% during the first quarter. Covestor Ltd now owns 547 shares of the business services provider's stock worth $60,000 after buying an additional 348 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Down 0.3 %

EEFT traded down $0.31 on Friday, hitting $101.88. 216,677 shares of the company were exchanged, compared to its average volume of 304,146. The firm has a 50-day moving average price of $99.43 and a two-hundred day moving average price of $103.96. 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 twelve month low of $81.99 and a twelve month high of $117.66. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 14.72 and a beta of 1.46.

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

Analyst Upgrades and Downgrades

EEFT has been the subject of several research analyst reports. StockNews.com upgraded Euronet Worldwide from a "hold" rating to a "buy" rating in a research report on Tuesday. 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. Citigroup downgraded shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and cut their target price for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Needham & Company LLC lowered 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 report on Thursday, October 24th. Finally, DA Davidson reissued a "buy" rating and set a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $125.38.

Insiders Place Their Bets

In related news, CEO Juan Bianchi sold 4,000 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The stock was 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 in the company, valued at $1,276,095.20. This trade represents a 24.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 10.50% of the stock is owned by corporate insiders.

Euronet Worldwide Company 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.