Holocene Advisors LP Buys New Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Holocene Advisors LP bought a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm bought 6,707 shares of the business services provider's stock, valued at approximately $666,000.

Other institutional investors also recently bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in Euronet Worldwide in the 2nd quarter worth approximately $57,000. GAMMA Investing LLC raised its position in Euronet Worldwide by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider's stock worth $61,000 after buying an additional 241 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in Euronet Worldwide during the 2nd quarter worth approximately $80,000. Mendota Financial Group LLC purchased a new position in Euronet Worldwide during the 3rd quarter worth approximately $100,000. Finally, Headlands Technologies LLC raised its position in Euronet Worldwide by 131.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider's stock worth $110,000 after buying an additional 605 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Euronet Worldwide

In other news, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 90,288 shares of the company's stock, valued at $9,625,603.68. The trade was a 36.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Martin L. Bruckner sold 9,397 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the transaction, the senior vice president now directly owns 39,983 shares of the company's stock, 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. 10.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EEFT. DA Davidson reaffirmed a "buy" rating and set a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Needham & Company LLC cut their target price on shares of Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, October 24th. StockNews.com raised shares of Euronet Worldwide from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. 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. Finally, Oppenheimer upped their price objective on shares of Euronet Worldwide from $121.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, November 25th. Three research 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $127.13.

Euronet Worldwide Trading Down 0.3 %

Shares of EEFT traded down $0.36 during mid-day trading on Friday, reaching $103.39. The stock had a trading volume of 175,924 shares, compared to its average volume of 216,699. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 0.95 and a beta of 1.44. The business's fifty day moving average is $101.03 and its 200 day moving average is $103.01. Euronet Worldwide, Inc. has a 52-week low of $89.30 and a 52-week high of $117.66.

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 the consensus estimate of $2.92 by $0.11. The business had revenue of $1.11 billion for 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 earned $2.53 earnings per share. On average, sell-side analysts predict that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal year.

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.