SG Americas Securities LLC Has $217,000 Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

SG Americas Securities LLC cut its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 75.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,187 shares of the business services provider's stock after selling 6,852 shares during the quarter. SG Americas Securities LLC's holdings in Euronet Worldwide were worth $217,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Oak Thistle LLC acquired a new stake in Euronet Worldwide in the 1st quarter worth approximately $588,000. State of Michigan Retirement System boosted its holdings in shares of Euronet Worldwide by 1.9% during the 1st quarter. State of Michigan Retirement System now owns 10,717 shares of the business services provider's stock worth $1,178,000 after buying an additional 200 shares during the period. Wasatch Advisors LP grew its stake in Euronet Worldwide by 0.6% in the 1st quarter. Wasatch Advisors LP now owns 582,680 shares of the business services provider's stock valued at $64,054,000 after buying an additional 3,346 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Euronet Worldwide by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 165,479 shares of the business services provider's stock worth $18,191,000 after acquiring an additional 3,283 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Euronet Worldwide by 62.3% during the 1st 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. 91.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Needham & Company LLC reissued a "buy" rating and set a $125.00 price objective on shares of Euronet Worldwide in a research report on Wednesday, September 4th. StockNews.com downgraded shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, August 9th. Citigroup lowered shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and cut their price objective for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Monness Crespi & Hardt lifted their target price on Euronet Worldwide from $140.00 to $145.00 and gave the stock a "neutral" rating in a research report on Monday, July 22nd. Finally, DA Davidson reaffirmed a "buy" rating and issued a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Euronet Worldwide presently has a consensus rating of "Moderate Buy" and an average target price of $122.56.

Insider Buying and Selling

In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,206 shares of Euronet Worldwide stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $93.86 per share, with a total value of $300,915.16. Following the acquisition, the director now directly owns 90,000 shares of the company's stock, valued at $8,447,400. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the business's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the transaction, the chief executive officer now directly owns 12,440 shares of the company's stock, valued at approximately $1,276,095.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas A. Mcdonnell purchased 3,206 shares of the firm's stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the purchase, the director now directly owns 90,000 shares of the company's stock, valued at $8,447,400. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 10.50% of the stock is currently owned by corporate insiders.

Euronet Worldwide Price Performance

Euronet Worldwide stock traded up $2.03 during mid-day trading on Wednesday, hitting $99.09. 493,221 shares of the company were exchanged, compared to its average volume of 304,037. Euronet Worldwide, Inc. has a 1-year low of $75.41 and a 1-year high of $117.66. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. The business has a fifty day moving average of $100.47 and a 200 day moving average of $104.37. The company has a market capitalization of $4.54 billion, a PE ratio of 17.09 and a beta of 1.46.

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.