2,717 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Purchased by Magnetar Financial LLC

Magnetar Financial LLC bought a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,717 shares of the business services provider's stock, valued at approximately $279,000.

A number of other large investors have also bought and sold shares of EEFT. Proficio Capital Partners LLC acquired a new stake in shares of Euronet Worldwide in the 4th quarter valued at about $28,000. R Squared Ltd bought a new stake in shares of Euronet Worldwide during the fourth quarter valued at approximately $58,000. Jones Financial Companies Lllp raised its position in shares of Euronet Worldwide by 485.6% during the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock worth $88,000 after purchasing an additional 709 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Euronet Worldwide by 121.3% in the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider's stock worth $98,000 after purchasing an additional 523 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Euronet Worldwide by 26.1% in the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider's stock valued at $98,000 after purchasing an additional 205 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the transaction, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their ownership of the stock. The transaction 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 company insiders.

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Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Oppenheimer reduced their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating for the company in a report on Thursday, December 19th. Stephens reissued an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. StockNews.com downgraded 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 set a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Finally, Keefe, Bruyette & Woods upped 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 note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Euronet Worldwide presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.86.

Euronet Worldwide Stock Performance

NASDAQ EEFT traded up $0.44 during trading hours on Thursday, reaching $110.06. 343,237 shares of the company were exchanged, compared to its average volume of 316,883. The stock has a market capitalization of $4.81 billion, a P/E ratio of 17.01, a P/E/G 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, Inc. has a 1 year low of $91.07 and a 1 year high of $117.66. The business's 50 day simple moving average is $101.34 and its 200-day simple moving average is $101.23.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. On average, equities research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

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.