DeepCurrents Investment Group LLC Sells 4,160 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

DeepCurrents Investment Group LLC lowered its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 34.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,782 shares of the business services provider's stock after selling 4,160 shares during the period. DeepCurrents Investment Group LLC's holdings in Euronet Worldwide were worth $800,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Tidal Investments LLC raised its holdings 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 valued at $714,000 after buying an additional 704 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Euronet Worldwide by 22.2% during the third quarter. Franklin Resources Inc. now owns 33,921 shares of the business services provider's stock worth $3,359,000 after purchasing an additional 6,154 shares during the period. GAMMA Investing LLC increased its holdings in Euronet Worldwide by 121.3% in the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider's stock valued at $98,000 after purchasing an additional 523 shares during the period. Nordea Investment Management AB raised its position in Euronet Worldwide by 1.3% during the 4th quarter. Nordea Investment Management AB now owns 68,556 shares of the business services provider's stock worth $7,088,000 after purchasing an additional 886 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in Euronet Worldwide by 2.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 57,725 shares of the business services provider's stock worth $5,936,000 after purchasing an additional 1,629 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EEFT. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. 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 report on Friday, April 25th. StockNews.com downgraded shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Needham & Company LLC cut their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Stephens reissued an "overweight" rating and issued a $130.00 price objective 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 assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Euronet Worldwide has an average rating of "Moderate Buy" and a consensus target price of $125.57.

Euronet Worldwide Stock Up 0.9 %

Euronet Worldwide stock traded up $0.92 during midday trading on Friday, reaching $108.30. The stock had a trading volume of 258,745 shares, compared to its average volume of 351,905. The company has a fifty day moving average price of $100.62 and a two-hundred day moving average price of $101.34. The company has a market capitalization of $4.68 billion, a P/E ratio of 16.74, a PEG ratio of 0.78 and a beta of 1.25. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a 12 month low of $85.24 and a 12 month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share 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 analyst estimates of $908.93 million. During the same period in the prior year, the firm earned $1.28 earnings per share. Euronet Worldwide's revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Insider Transactions at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 1,418,966 shares of the company's stock, valued at approximately $142,875,686.54. This represents a 6.27 % decrease in their position. The transaction 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.

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.