Shaker Investments LLC OH Trims Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Shaker Investments LLC OH lessened its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 17.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,508 shares of the business services provider's stock after selling 2,839 shares during the period. Shaker Investments LLC OH's holdings in Euronet Worldwide were worth $1,389,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EEFT. R Squared Ltd purchased a new stake in Euronet Worldwide during the 4th quarter valued at $58,000. GAMMA Investing LLC raised its stake 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 valued at $98,000 after acquiring an additional 523 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Euronet Worldwide by 26.1% during the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider's stock worth $98,000 after purchasing an additional 205 shares during the period. Quarry LP grew its stake in shares of Euronet Worldwide by 21.6% in the third quarter. Quarry LP now owns 1,087 shares of the business services provider's stock worth $108,000 after purchasing an additional 193 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new position in Euronet Worldwide during the 3rd quarter valued at about $109,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on EEFT shares. StockNews.com cut Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Thursday. Stephens reiterated an "overweight" rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday. Needham & Company LLC reissued a "buy" rating and set a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Keefe, Bruyette & Woods raised their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a research report on Friday. Finally, Citigroup cut shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and reduced their price target for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $127.00.

Euronet Worldwide Stock Up 0.9 %

Shares of EEFT traded up $0.90 during trading hours on Friday, hitting $104.81. The company had a trading volume of 321,298 shares, compared to its average volume of 296,450. Euronet Worldwide, Inc. has a 52-week low of $91.07 and a 52-week high of $117.66. The firm has a fifty day moving average price of $100.80 and a 200-day moving average price of $100.85. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 15.16, a P/E/G ratio of 0.77 and a beta of 1.43. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. On average, equities research analysts forecast that Euronet Worldwide, Inc. will post 7.85 EPS for the current fiscal year.

Insider Activity at Euronet Worldwide

In related news, CEO Kevin J. Caponecchi sold 52,034 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 90,288 shares in the company, valued at $9,625,603.68. This represents a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Martin L. Bruckner sold 9,397 shares of Euronet Worldwide stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the sale, the senior vice president now directly owns 39,983 shares of the company's stock, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,910 shares of company stock valued at $8,780,102. 10.50% of the stock is owned by corporate insiders.

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.