Millennium Management LLC Purchases 95,091 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Millennium Management LLC raised its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 45.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 302,967 shares of the business services provider's stock after acquiring an additional 95,091 shares during the period. Millennium Management LLC owned approximately 0.69% of Euronet Worldwide worth $31,157,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EEFT. Norges Bank bought a new stake in Euronet Worldwide during the fourth quarter valued at about $53,072,000. Voss Capital LP boosted its holdings in Euronet Worldwide by 21.9% during the fourth quarter. Voss Capital LP now owns 630,000 shares of the business services provider's stock valued at $64,789,000 after acquiring an additional 113,236 shares during the period. First Trust Advisors LP boosted its holdings in Euronet Worldwide by 59.0% during the fourth quarter. First Trust Advisors LP now owns 190,612 shares of the business services provider's stock valued at $19,602,000 after acquiring an additional 70,719 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Euronet Worldwide by 57.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 175,027 shares of the business services provider's stock valued at $18,000,000 after acquiring an additional 63,785 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Euronet Worldwide by 28.7% in the fourth quarter. Renaissance Technologies LLC now owns 248,345 shares of the business services provider's stock valued at $25,540,000 after buying an additional 55,345 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide 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 completion of the transaction, the chief executive officer now owns 1,418,966 shares in the company, valued at approximately $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 accessible through this link. 11.20% of the stock is currently owned by corporate insiders.

Euronet Worldwide Stock Up 1.4%

Shares of EEFT opened at $111.08 on Monday. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 0.78 and a beta of 1.25. 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, Inc. has a 12 month low of $85.24 and a 12 month high of $117.66. The company has a 50-day moving average price of $101.67 and a two-hundred day moving average price of $101.74.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, hitting analysts' consensus estimates of $1.13. The firm 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 company's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 earnings per share. Equities analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Keefe, Bruyette & Woods decreased their target price 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. Stephens reissued an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, February 14th. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Finally, Needham & Company LLC decreased their target price 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. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Euronet Worldwide currently has an average rating of "Moderate Buy" and an average price target 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.

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