5,540 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Acquired by Weiss Asset Management LP

Weiss Asset Management LP purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,540 shares of the business services provider's stock, valued at approximately $550,000.

Other institutional investors also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in shares of Euronet Worldwide during the second quarter worth $57,000. 1620 Investment Advisors Inc. acquired a new stake in Euronet Worldwide during the 2nd quarter worth about $80,000. Mendota Financial Group LLC purchased a new position in shares of Euronet Worldwide during the 3rd quarter valued at about $100,000. Headlands Technologies LLC raised its stake in shares of Euronet Worldwide by 131.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider's stock valued at $110,000 after buying an additional 605 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of Euronet Worldwide by 21.6% in the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider's stock valued at $108,000 after buying an additional 193 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Price Performance

Shares of EEFT stock traded up $0.56 on Tuesday, reaching $104.18. 252,053 shares of the company were exchanged, compared to its average volume of 298,822. Euronet Worldwide, Inc. has a 1 year low of $90.41 and a 1 year high of $117.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The business has a 50-day moving average price of $101.12 and a 200 day moving average price of $102.93. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 0.94 and a beta of 1.44.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 26.86% and a net margin of 8.49%. During the same quarter in the prior year, the firm earned $2.53 earnings per share. Equities research analysts forecast that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on EEFT shares. StockNews.com raised Euronet Worldwide from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. Monness Crespi & Hardt raised shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 24th. Oppenheimer increased their price target on shares of Euronet Worldwide from $121.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, November 25th. DA Davidson reaffirmed a "buy" rating and issued a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. Finally, Citigroup lowered shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.13.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, SVP Martin L. Bruckner sold 9,397 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $107.31, for a total value 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 $4,290,575.73. This trade represents a 19.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the business's stock in a transaction dated 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 directly owns 90,288 shares in the company, valued at approximately $9,625,603.68. The trade was a 36.56 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,910 shares of company stock worth $8,780,102. Corporate insiders own 10.50% of the company's stock.

Euronet Worldwide Profile

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.