Renaissance Technologies LLC grew its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 28.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 248,345 shares of the business services provider's stock after purchasing an additional 55,345 shares during the quarter. Renaissance Technologies LLC owned about 0.57% of Euronet Worldwide worth $25,540,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in EEFT. Proficio Capital Partners LLC bought a new stake in shares of Euronet Worldwide during the fourth quarter worth approximately $28,000. R Squared Ltd bought a new stake in Euronet Worldwide in the 4th quarter valued at $58,000. Aster Capital Management DIFC Ltd grew its holdings in Euronet Worldwide by 15,240.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock valued at $79,000 after buying an additional 762 shares in the last quarter. Jones Financial Companies Lllp increased its position in Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock worth $88,000 after buying an additional 709 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Euronet Worldwide by 121.3% during the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider's stock worth $98,000 after buying an additional 523 shares in the last quarter. Institutional investors own 91.60% of the company's stock.
Euronet Worldwide Trading Up 0.2 %
NASDAQ EEFT traded up $0.20 during trading hours on Tuesday, reaching $95.93. The company's stock had a trading volume of 341,480 shares, compared to its average volume of 338,558. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $117.66. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. The stock has a market cap of $4.15 billion, a P/E ratio of 14.83, a P/E/G ratio of 0.78 and a beta of 1.18. The firm has a fifty day simple moving average of $101.29 and a 200-day simple moving average of $101.14.
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 analysts' consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. Equities analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.
Analyst Ratings Changes
EEFT has been the topic of several research reports. StockNews.com downgraded shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Stephens reaffirmed an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide in a report on Friday, February 14th. Oppenheimer dropped their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods increased their price target on Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Euronet Worldwide presently has a consensus rating of "Moderate Buy" and an average target price of $125.86.
Get Our Latest Analysis on Euronet Worldwide
Insider Activity at Euronet Worldwide
In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction 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 approximately $142,875,686.54. This represents a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.50% of the stock is owned by company insiders.
About Euronet Worldwide
(
Free Report)
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.
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