Trexquant Investment LP lifted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,328 shares of the business services provider's stock after acquiring an additional 17,490 shares during the period. Trexquant Investment LP owned 0.32% of Euronet Worldwide worth $14,637,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC boosted its stake in Euronet Worldwide by 21.1% during the 3rd quarter. FMR LLC now owns 75,216 shares of the business services provider's stock valued at $7,464,000 after purchasing an additional 13,093 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Euronet Worldwide in the third quarter valued at $260,000. Edgestream Partners L.P. bought a new position in Euronet Worldwide during the third quarter valued at about $1,692,000. Point72 Hong Kong Ltd acquired a new position in Euronet Worldwide during the third quarter worth about $306,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Euronet Worldwide in the third quarter worth about $397,000. 91.60% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have issued reports on EEFT. Stephens reaffirmed an "overweight" rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday, February 14th. StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Keefe, Bruyette & Woods upped their target price 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. Oppenheimer lowered their price target on Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating for the company in a research note on Thursday, December 19th. Finally, Needham & Company LLC restated a "buy" rating and set a $120.00 price target on shares of Euronet Worldwide in a report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $125.86.
Check Out Our Latest Analysis on EEFT
Insider Buying and Selling at Euronet Worldwide
In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.50% of the company's stock.
Euronet Worldwide Stock Performance
Shares of NASDAQ EEFT traded down $8.02 during trading hours on Friday, hitting $93.18. 542,731 shares of the company's stock were exchanged, compared to its average volume of 330,388. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 0.78 and a beta of 1.18. The company's 50-day moving average price is $102.23 and its 200-day moving average price is $101.57. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. Euronet Worldwide, Inc. has a 1-year low of $91.07 and a 1-year high of $117.66.
Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly 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 27.74% and a net margin of 7.69%. On average, sell-side analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.
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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