Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 21,258.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 203,763 shares of the business services provider's stock after acquiring an additional 202,809 shares during the period. GAMMA Investing LLC owned about 0.47% of Euronet Worldwide worth $21,772,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EEFT. Allspring Global Investments Holdings LLC lifted its position in Euronet Worldwide by 0.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider's stock valued at $340,955,000 after purchasing an additional 16,220 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Euronet Worldwide by 1.5% in the 4th quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider's stock valued at $142,575,000 after buying an additional 20,805 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in shares of Euronet Worldwide by 21.0% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider's stock valued at $112,743,000 after buying an additional 190,453 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Euronet Worldwide by 3.1% in the fourth 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 in the last quarter. Finally, Wasatch Advisors LP grew its holdings in Euronet Worldwide by 1.0% during the fourth 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 period. Hedge funds and other institutional investors own 91.60% of the company's stock.

Euronet Worldwide Price Performance

EEFT traded down $0.79 during midday trading on Monday, reaching $111.08. 457,044 shares of the company's stock were exchanged, compared to its average volume of 368,220. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $113.41. The stock has a market capitalization of $4.80 billion, a PE ratio of 17.17, a P/E/G ratio of 0.78 and a beta of 1.27. 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 business's 50-day moving average price is $102.20 and its 200 day moving average price is $102.36.

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

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CEO Michael J. Brown sold 95,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 1,418,966 shares of the company's stock, valued at approximately $142,875,686.54. The trade was a 6.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 11.20% of the company's stock.

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.