Two Sigma Advisers LP Raises Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Two Sigma Advisers LP increased its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 172.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,700 shares of the business services provider's stock after purchasing an additional 46,000 shares during the quarter. Two Sigma Advisers LP owned approximately 0.17% of Euronet Worldwide worth $7,476,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research firms have commented on EEFT. Stephens reiterated an "overweight" rating and issued a $130.00 price target 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. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Needham & Company LLC decreased their price target 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. Finally, Keefe, Bruyette & Woods decreased their price target 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. Three research 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's stock. Based on data from MarketBeat, Euronet Worldwide currently has a consensus rating of "Moderate Buy" and an average target price of $125.57.

Euronet Worldwide Stock Performance

Shares of EEFT stock traded up $0.26 during mid-day trading on Thursday, reaching $107.60. The stock had a trading volume of 95,181 shares, compared to its average volume of 359,908. The business's fifty day moving average is $102.13 and its 200-day moving average is $102.08. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 0.78 and a beta of 1.25. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, hitting the consensus estimate of $1.13. The firm 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 for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $1.28 earnings per share. On average, research analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Insider Buying and Selling

In related 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 directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.20% of the stock is owned by corporate insiders.

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.