Graham Capital Management L.P. Buys Shares of 2,985 Euronet Worldwide, Inc. (NASDAQ:EEFT)

Graham Capital Management L.P. purchased a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,985 shares of the business services provider's stock, valued at approximately $307,000.

Other large investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its stake in Euronet Worldwide by 28.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider's stock valued at $1,236,000 after acquiring an additional 2,632 shares during the period. Value Holdings Management CO. LLC increased its position in Euronet Worldwide by 119.8% during the 4th quarter. Value Holdings Management CO. LLC now owns 57,823 shares of the business services provider's stock worth $5,947,000 after buying an additional 31,518 shares during the period. HighTower Advisors LLC increased its position in Euronet Worldwide by 0.8% during the 4th quarter. HighTower Advisors LLC now owns 25,883 shares of the business services provider's stock worth $2,662,000 after buying an additional 209 shares during the period. Dimensional Fund Advisors LP increased its position in Euronet Worldwide by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock worth $84,512,000 after buying an additional 24,569 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in Euronet Worldwide during the 4th quarter worth $28,000. Institutional investors own 91.60% of the company's stock.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction dated 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 transaction, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.20% of the stock is currently owned by insiders.

Euronet Worldwide Price Performance

Shares of EEFT traded down $1.03 during trading hours on Friday, hitting $105.13. 305,334 shares of the company were exchanged, compared to its average volume of 358,932. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 0.78 and a beta of 1.25. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The firm's fifty day moving average is $102.19 and its 200 day moving average is $101.99.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its earnings results 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 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 quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.28 EPS. On average, equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EEFT. Keefe, Bruyette & Woods lowered 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 reiterated 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 objective on shares of Euronet Worldwide in a research report on Friday, February 14th. Needham & Company LLC lowered their price objective 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. Finally, Wall Street Zen cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $125.57.

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.