Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lessened its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 26.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,074 shares of the business services provider's stock after selling 14,094 shares during the quarter. Squarepoint Ops LLC owned about 0.09% of Euronet Worldwide worth $4,018,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in shares of Euronet Worldwide in the fourth quarter valued at approximately $58,000. Covestor Ltd increased its stake in 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 acquiring an additional 207 shares during the last quarter. Aster Capital Management DIFC Ltd increased its stake in 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 acquiring an additional 762 shares during the last quarter. Jones Financial Companies Lllp increased its stake in 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 acquiring an additional 709 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in 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 acquiring an additional 205 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on EEFT. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price objective on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Stephens reaffirmed an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Wall Street Zen cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, Needham & Company LLC dropped their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Three equities research 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. According to MarketBeat.com, the company 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 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 completion of the transaction, the chief executive officer now directly owns 1,418,966 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Insiders own 11.20% of the company's stock.

Euronet Worldwide Stock Down 0.5%

NASDAQ:EEFT traded down $0.49 during mid-day trading on Friday, hitting $107.75. The company had a trading volume of 561,910 shares, compared to its average volume of 363,099. The business has a fifty day simple moving average of $102.11 and a 200-day simple moving average of $102.12. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $117.66. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 0.78 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced 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 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 revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $1.28 earnings per share. Equities analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal 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.