Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP reduced its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 72.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,651 shares of the business services provider's stock after selling 7,092 shares during the period. Brevan Howard Capital Management LP's holdings in Euronet Worldwide were worth $273,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in EEFT. Captrust Financial Advisors boosted its stake in Euronet Worldwide by 3.9% during the fourth quarter. Captrust Financial Advisors now owns 8,294 shares of the business services provider's stock worth $853,000 after buying an additional 311 shares during the last quarter. Algert Global LLC increased its position in Euronet Worldwide by 57.2% during the fourth quarter. Algert Global LLC now owns 135,903 shares of the business services provider's stock worth $13,976,000 after purchasing an additional 49,434 shares during the last quarter. 4D Advisors LLC purchased a new position in Euronet Worldwide during the fourth quarter worth about $4,114,000. Mercer Global Advisors Inc. ADV boosted its holdings in Euronet Worldwide by 24.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,012 shares of the business services provider's stock valued at $1,030,000 after purchasing an additional 1,989 shares during the last quarter. Finally, Connors Investor Services Inc. purchased a new stake in shares of Euronet Worldwide in the 4th quarter valued at approximately $206,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Stephens reiterated an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Needham & Company LLC reduced their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Keefe, Bruyette & Woods lowered their target price on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Finally, StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Euronet Worldwide presently has a consensus rating of "Moderate Buy" and an average target price of $125.57.

Insider Buying and Selling

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

Euronet Worldwide Trading Down 0.6%

NASDAQ:EEFT traded down $0.62 on Thursday, reaching $109.52. 422,392 shares of the company's stock were exchanged, compared to its average volume of 354,477. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The business has a fifty day moving average of $101.32 and a 200-day moving average of $101.55.

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

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.