Tower Research Capital LLC TRC Purchases 4,204 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Tower Research Capital LLC TRC boosted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 253.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,862 shares of the business services provider's stock after buying an additional 4,204 shares during the period. Tower Research Capital LLC TRC's holdings in Euronet Worldwide were worth $603,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. McIlrath & Eck LLC lifted its position in shares of Euronet Worldwide by 16.2% in the third quarter. McIlrath & Eck LLC now owns 1,476 shares of the business services provider's stock worth $146,000 after purchasing an additional 206 shares in the last quarter. Tidal Investments LLC lifted its position in Euronet Worldwide by 10.8% in the 3rd quarter. Tidal Investments LLC now owns 7,195 shares of the business services provider's stock worth $714,000 after buying an additional 704 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Euronet Worldwide by 22.2% during the 3rd quarter. Franklin Resources Inc. now owns 33,921 shares of the business services provider's stock valued at $3,359,000 after buying an additional 6,154 shares during the period. GAMMA Investing LLC grew its holdings in shares of Euronet Worldwide by 121.3% during the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider's stock valued at $98,000 after acquiring an additional 523 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Euronet Worldwide by 1.3% in the fourth quarter. Nordea Investment Management AB now owns 68,556 shares of the business services provider's stock worth $7,088,000 after acquiring an additional 886 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 1,418,966 shares in the company, valued at $142,875,686.54. This represents a 6.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 11.20% of the company's stock.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT traded up $2.96 during trading hours on Friday, hitting $101.76. 270,603 shares of the stock were exchanged, compared to its average volume of 351,457. Euronet Worldwide, Inc. has a one year low of $85.24 and a one year high of $117.66. The company's 50 day moving average is $99.98 and its 200 day moving average is $101.09. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. The firm has a market capitalization of $4.40 billion, a P/E ratio of 15.73, a P/E/G ratio of 0.78 and a beta of 1.18.

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

Analyst Ratings Changes

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

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.