Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP lifted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 16.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 88,458 shares of the business services provider's stock after buying an additional 12,457 shares during the period. Two Sigma Investments LP owned approximately 0.20% of Euronet Worldwide worth $9,097,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC purchased a new position in shares of Euronet Worldwide in the 4th quarter valued at approximately $28,000. R Squared Ltd acquired a new stake in shares of Euronet Worldwide during the fourth quarter worth $58,000. Covestor Ltd increased its stake in Euronet Worldwide by 40.9% in the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider's stock valued at $73,000 after buying an additional 207 shares during the period. Aster Capital Management DIFC Ltd increased its stake in Euronet Worldwide by 15,240.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock valued at $79,000 after buying an additional 762 shares during the period. Finally, Jones Financial Companies Lllp raised its position in Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock worth $88,000 after buying an additional 709 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

EEFT has been the topic of several analyst reports. Needham & Company LLC lowered their target price 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. Stephens reaffirmed an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. Wall Street Zen cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Keefe, Bruyette & Woods reduced their price target 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. Finally, William Blair restated an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Euronet Worldwide currently has an average rating of "Moderate Buy" and an average price target of $125.57.

Euronet Worldwide Price Performance

Shares of EEFT traded down $0.76 on Friday, reaching $107.49. The stock had a trading volume of 102,548 shares, compared to its average volume of 360,760. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve month high of $117.66. The firm has a market capitalization of $4.65 billion, a PE ratio of 16.67, a PEG ratio of 0.78 and a beta of 1.25. The firm has a 50-day moving average of $102.13 and a 200 day moving average of $102.10. 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 posted its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. The company had revenue of $915.50 million for the quarter, compared to analyst estimates of $908.93 million. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. Euronet Worldwide's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.28 earnings per share. Sell-side analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Euronet Worldwide Company 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.