Quantbot Technologies LP Cuts Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Quantbot Technologies LP trimmed its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 56.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,206 shares of the business services provider's stock after selling 24,859 shares during the period. Quantbot Technologies LP's holdings in Euronet Worldwide were worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. HighTower Advisors LLC boosted its stake in Euronet Worldwide by 0.6% during the 3rd quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider's stock valued at $2,540,000 after purchasing an additional 158 shares during the last quarter. Xponance Inc. boosted its position in shares of Euronet Worldwide by 3.6% during the fourth quarter. Xponance Inc. now owns 4,790 shares of the business services provider's stock valued at $493,000 after buying an additional 166 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Euronet Worldwide by 2.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider's stock worth $768,000 after buying an additional 169 shares in the last quarter. Quarry LP raised its position in Euronet Worldwide by 21.6% in the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider's stock valued at $108,000 after buying an additional 193 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in Euronet Worldwide by 0.8% during the 4th quarter. New York State Teachers Retirement System now owns 23,277 shares of the business services provider's stock valued at $2,394,000 after acquiring an additional 196 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

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Euronet Worldwide Stock Performance

EEFT traded up $0.44 during trading hours on Thursday, hitting $110.06. The stock had a trading volume of 343,237 shares, compared to its average volume of 316,883. The stock has a market cap of $4.81 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37. Euronet Worldwide, Inc. has a 1 year low of $91.07 and a 1 year high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The company's fifty 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 announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share 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%. Equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Insider Activity

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the firm's stock in a transaction on 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 directly owns 1,418,966 shares of the company's stock, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EEFT shares. Oppenheimer lowered their target price 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 reiterated an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Keefe, Bruyette & Woods boosted their target price on Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. Finally, StockNews.com cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.86.

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.