Inceptionr LLC Trims Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Inceptionr LLC reduced its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 66.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,606 shares of the business services provider's stock after selling 5,111 shares during the period. Inceptionr LLC's holdings in Euronet Worldwide were worth $268,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in shares of Euronet Worldwide by 15.4% in the third quarter. Janney Montgomery Scott LLC now owns 9,382 shares of the business services provider's stock worth $931,000 after buying an additional 1,253 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of Euronet Worldwide by 5.4% during the third quarter. Crossmark Global Holdings Inc. now owns 10,244 shares of the business services provider's stock worth $1,017,000 after purchasing an additional 526 shares during the period. Meritage Portfolio Management grew its stake in shares of Euronet Worldwide by 39.0% in the third quarter. Meritage Portfolio Management now owns 130,380 shares of the business services provider's stock worth $12,938,000 after purchasing an additional 36,566 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Euronet Worldwide by 12.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 18,846 shares of the business services provider's stock worth $1,870,000 after purchasing an additional 2,110 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Euronet Worldwide during the 3rd quarter valued at about $15,258,000. Institutional investors own 91.60% of the company's stock.

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Euronet Worldwide Stock Up 1.5 %

Shares of NASDAQ EEFT traded up $1.51 on Thursday, reaching $100.91. 790,724 shares of the company's stock traded hands, compared to its average volume of 308,047. The business's 50 day simple moving average is $99.97 and its two-hundred day simple moving average is $101.14. Euronet Worldwide, Inc. has a 12 month low of $91.07 and a 12 month high of $117.66. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted 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 net margin of 7.69% and a return on equity of 27.74%. As a group, equities research analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EEFT has been the subject of several research analyst reports. Stephens reiterated an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. StockNews.com lowered Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Needham & Company LLC reissued a "buy" rating and set a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Keefe, Bruyette & Woods raised their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. Finally, Oppenheimer reduced their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Euronet Worldwide currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.00.

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.