Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 68.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,186 shares of the business services provider's stock after selling 6,821 shares during the period. Y Intercept Hong Kong Ltd's holdings in Euronet Worldwide were worth $316,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. EP Wealth Advisors LLC bought a new position in shares of Euronet Worldwide during the 3rd quarter valued at about $212,000. Villanova Investment Management Co LLC raised its holdings in shares of Euronet Worldwide by 12.1% during the 3rd quarter. Villanova Investment Management Co LLC now owns 30,367 shares of the business services provider's stock worth $3,013,000 after acquiring an additional 3,274 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of Euronet Worldwide in the third quarter valued at $550,000. Stifel Financial Corp increased its position in Euronet Worldwide by 2.0% in the third quarter. Stifel Financial Corp now owns 11,729 shares of the business services provider's stock worth $1,164,000 after purchasing an additional 232 shares during the last quarter. Finally, Quarry LP grew its stake 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 worth $108,000 after buying an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Euronet Worldwide Stock Performance

EEFT stock opened at $106.35 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 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. The business has a 50-day moving average price of $101.84 and a 200 day moving average price of $102.62. The company has a market capitalization of $4.67 billion, a P/E ratio of 15.37, a PEG ratio of 0.95 and a beta of 1.44.

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. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm posted $2.53 earnings per share. As a group, equities research analysts forecast that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal year.

Insider Buying and Selling at Euronet Worldwide

In other news, SVP Martin L. Bruckner sold 9,397 shares of the stock in a transaction 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 owns 39,983 shares in the company, valued at approximately $4,290,575.73. This represents a 19.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the transaction, the chief executive officer now owns 90,288 shares in the company, valued at approximately $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,910 shares of company stock worth $8,780,102 over the last quarter. Insiders own 10.50% of the company's stock.

Wall Street Analyst Weigh In

EEFT has been the topic of several analyst reports. Oppenheimer boosted their price objective on Euronet Worldwide from $121.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, November 25th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 24th. DA Davidson reissued a "buy" rating and issued a $136.00 price objective on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th. Finally, StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Euronet Worldwide has a consensus rating of "Moderate Buy" and an average target price of $127.13.

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.