Quantinno Capital Management LP Purchases 17,090 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Quantinno Capital Management LP raised its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 87.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,565 shares of the business services provider's stock after acquiring an additional 17,090 shares during the period. Quantinno Capital Management LP owned about 0.08% of Euronet Worldwide worth $3,760,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. R Squared Ltd bought a new stake in shares of Euronet Worldwide during the fourth quarter worth $58,000. Covestor Ltd grew its holdings in shares of Euronet Worldwide by 40.9% during the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider's stock worth $73,000 after purchasing an additional 207 shares during the last quarter. Aster Capital Management DIFC Ltd grew its holdings in shares of Euronet Worldwide by 15,240.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock worth $79,000 after purchasing an additional 762 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Euronet Worldwide by 485.6% during the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock worth $88,000 after purchasing an additional 709 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Euronet Worldwide by 26.1% during the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider's stock worth $98,000 after purchasing an additional 205 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. 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 report on Friday, April 25th. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Needham & Company LLC cut their price target on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Stephens reaffirmed an "overweight" rating and set a $130.00 price target on shares of Euronet Worldwide in a research note 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 research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $125.57.

Euronet Worldwide Trading Down 1.0%

NASDAQ:EEFT traded down $1.03 during mid-day trading on Friday, hitting $105.13. The company had a trading volume of 305,334 shares, compared to its average volume of 359,793. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $117.66. The business's fifty day moving average is $102.19 and its two-hundred day moving average is $101.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The firm has a market cap of $4.55 billion, a P/E ratio of 16.25, a P/E/G ratio of 0.78 and a beta of 1.25.

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 for the quarter, meeting the consensus estimate of $1.13. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. The firm had revenue of $915.50 million for the quarter, compared to analyst estimates of $908.93 million. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The company's quarterly revenue was up 6.8% on a year-over-year basis. As a group, research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the sale, the chief executive officer now owns 1,418,966 shares of the company's stock, valued at $142,875,686.54. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.20% of the company's stock.

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.