Quantbot Technologies LP Purchases New Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Quantbot Technologies LP acquired a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 44,065 shares of the business services provider's stock, valued at approximately $4,373,000. Quantbot Technologies LP owned about 0.10% of Euronet Worldwide at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of EEFT. Summit Securities Group LLC bought a new position in shares of Euronet Worldwide during the second quarter worth $57,000. GAMMA Investing LLC grew its stake in Euronet Worldwide by 69.5% in the second quarter. GAMMA Investing LLC now owns 588 shares of the business services provider's stock valued at $61,000 after acquiring an additional 241 shares during the period. 1620 Investment Advisors Inc. acquired a new position in Euronet Worldwide in the second quarter valued at about $80,000. Mendota Financial Group LLC bought a new stake in shares of Euronet Worldwide in the third quarter worth about $100,000. Finally, Headlands Technologies LLC raised its position in shares of Euronet Worldwide by 131.8% during the second quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider's stock worth $110,000 after purchasing an additional 605 shares during the period. Institutional investors and hedge funds own 91.60% of the company's stock.

Insider Activity at Euronet Worldwide

In related news, CEO Juan Bianchi sold 4,000 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total value of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. This represents a 24.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the company's stock in a transaction on Monday, November 25th. The shares were 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 in the company, valued at approximately $9,625,603.68. This represents a 36.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,431 shares of company stock worth $6,966,057. Insiders own 10.50% of the company's stock.

Euronet Worldwide Stock Down 0.2 %

Shares of NASDAQ:EEFT traded down $0.25 during midday trading on Wednesday, reaching $105.18. The company had a trading volume of 160,878 shares, compared to its average volume of 301,667. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The business's 50 day moving average price is $100.26 and its 200 day moving average price is $103.58. The stock has a market cap of $4.62 billion, a PE ratio of 15.20 and a beta of 1.46. Euronet Worldwide, Inc. has a 1-year low of $86.26 and a 1-year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11. The business had revenue of $1.11 billion during 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 period last year, the business earned $2.53 earnings per share. Research analysts forecast that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Oppenheimer boosted their price objective on Euronet Worldwide from $121.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday. DA Davidson reiterated a "buy" rating and issued a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 24th. Citigroup lowered shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Finally, StockNews.com upgraded Euronet Worldwide from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $127.13.

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.