Dark Forest Capital Management LP Makes New $308,000 Investment in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Dark Forest Capital Management LP purchased a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,993 shares of the business services provider's stock, valued at approximately $308,000.

A number of other institutional investors have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its position in Euronet Worldwide by 0.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider's stock worth $340,955,000 after purchasing an additional 16,220 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Euronet Worldwide by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock valued at $84,512,000 after buying an additional 24,569 shares during the last quarter. Wasatch Advisors LP grew its holdings in Euronet Worldwide by 1.0% during the 4th quarter. Wasatch Advisors LP now owns 723,785 shares of the business services provider's stock worth $74,434,000 after acquiring an additional 7,246 shares during the last quarter. Voss Capital LP raised its stake in shares of Euronet Worldwide by 21.9% during the fourth quarter. Voss Capital LP now owns 630,000 shares of the business services provider's stock valued at $64,789,000 after acquiring an additional 113,236 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its holdings in shares of Euronet Worldwide by 3.4% during the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider's stock worth $64,496,000 after purchasing an additional 20,824 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Stock Performance

EEFT stock traded down $0.30 during midday trading on Thursday, reaching $98.80. 488,086 shares of the company's stock traded hands, compared to its average volume of 351,989. The firm has a market capitalization of $4.27 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The company has a 50-day moving average price of $100.00 and a two-hundred day moving average price of $101.06. 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 quick ratio of 1.26 and a current ratio of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. The firm had revenue of $915.50 million for the quarter, compared to analysts' expectations of $908.93 million. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. The company's revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.28 earnings per share. As a group, equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analyst Ratings Changes

EEFT has been the topic of several analyst reports. Keefe, Bruyette & Woods reduced their target price on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Needham & Company LLC decreased their target price on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, April 25th. StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, Stephens reaffirmed an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $125.57.

Insider Activity at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the transaction, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.20% of the stock is currently owned by insiders.

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.