Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Purchased by Quest Partners LLC

Quest Partners LLC increased its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 79.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,225 shares of the business services provider's stock after buying an additional 14,729 shares during the period. Quest Partners LLC owned about 0.07% of Euronet Worldwide worth $3,297,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Janney Montgomery Scott LLC grew its holdings 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 valued at $362,000 after buying an additional 1,265 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in Euronet Worldwide during the 1st quarter worth about $230,000. State Board of Administration of Florida Retirement System increased its position in Euronet Worldwide by 0.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 54,289 shares of the business services provider's stock worth $6,075,000 after purchasing an additional 215 shares in the last quarter. Covestor Ltd raised its stake in Euronet Worldwide by 174.9% in the 1st quarter. Covestor Ltd now owns 547 shares of the business services provider's stock valued at $60,000 after purchasing an additional 348 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in Euronet Worldwide by 4.5% in the 1st quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider's stock valued at $62,337,000 after purchasing an additional 24,566 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. 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 downgraded Euronet Worldwide from a "buy" rating to a "neutral" rating and cut their price target for the company from $118.00 to $110.00 in a report on Friday, October 18th. Oppenheimer started coverage on Euronet Worldwide in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $121.00 price objective for the company. StockNews.com upgraded Euronet Worldwide from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. Finally, Needham & Company LLC decreased their price target on Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.38.

Euronet Worldwide Trading Down 0.3 %

Shares of Euronet Worldwide stock traded down $0.26 during trading hours on Monday, hitting $101.62. The company's stock had a trading volume of 253,372 shares, compared to its average volume of 303,918. 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 company has a market capitalization of $4.46 billion, a PE ratio of 14.68 and a beta of 1.46. The business has a fifty day moving average of $99.49 and a 200 day moving average of $103.93. Euronet Worldwide, Inc. has a 1-year low of $84.40 and a 1-year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $0.11. The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same quarter in the previous year, the firm posted $2.53 earnings per share. As a group, equities analysts forecast that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

Insider Activity at Euronet Worldwide

In related news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction on 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 sale, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. The trade was a 24.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.50% of the company's stock.

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.