D. E. Shaw & Co. Inc. Lowers Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

D. E. Shaw & Co. Inc. reduced its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,339 shares of the business services provider's stock after selling 12,287 shares during the period. D. E. Shaw & Co. Inc. owned about 0.26% of Euronet Worldwide worth $11,656,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EEFT. EP Wealth Advisors LLC increased its position in shares of Euronet Worldwide by 18.4% during the fourth quarter. EP Wealth Advisors LLC now owns 2,532 shares of the business services provider's stock worth $260,000 after acquiring an additional 393 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Euronet Worldwide by 68.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 75,579 shares of the business services provider's stock valued at $7,773,000 after buying an additional 30,823 shares during the period. Captrust Financial Advisors grew its stake in Euronet Worldwide by 3.9% during the 4th 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 grew its position in shares of Euronet Worldwide by 57.2% in the fourth quarter. Algert Global LLC now owns 135,903 shares of the business services provider's stock valued at $13,976,000 after purchasing an additional 49,434 shares during the period. Finally, 4D Advisors LLC acquired a new stake in Euronet Worldwide in the 4th quarter valued at approximately $4,114,000. Institutional investors and hedge funds own 91.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EEFT shares. Needham & Company LLC dropped their target price on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Keefe, Bruyette & Woods reduced their price objective on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. StockNews.com downgraded shares of 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 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $125.57.

Euronet Worldwide Stock Down 0.3%

NASDAQ:EEFT traded down $0.33 during trading hours on Monday, reaching $110.75. The company had a trading volume of 43,179 shares, compared to its average volume of 355,412. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve month high of $117.66. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 0.78 and a beta of 1.25. The business's 50-day simple moving average is $101.67 and its two-hundred day simple moving average is $101.74. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92.

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

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the firm's stock in a transaction that occurred on 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 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 is accessible through this link. 11.20% of the stock is owned by corporate insiders.

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.