Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Vident Advisory LLC

Vident Advisory LLC decreased its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 45.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,663 shares of the business services provider's stock after selling 9,049 shares during the quarter. Vident Advisory LLC's holdings in Euronet Worldwide were worth $1,097,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Sovereign s Capital Management LLC bought a new position in Euronet Worldwide during the fourth quarter valued at $4,474,000. Two Sigma Advisers LP lifted its position in Euronet Worldwide by 172.3% during the fourth quarter. Two Sigma Advisers LP now owns 72,700 shares of the business services provider's stock valued at $7,476,000 after purchasing an additional 46,000 shares during the last quarter. Two Sigma Investments LP lifted its position in Euronet Worldwide by 16.4% during the fourth quarter. Two Sigma Investments LP now owns 88,458 shares of the business services provider's stock valued at $9,097,000 after purchasing an additional 12,457 shares during the last quarter. Tidal Investments LLC lifted its position in Euronet Worldwide by 19.7% during the fourth quarter. Tidal Investments LLC now owns 8,610 shares of the business services provider's stock valued at $885,000 after purchasing an additional 1,415 shares during the last quarter. Finally, State of Wyoming lifted its position in Euronet Worldwide by 128.3% during the fourth quarter. State of Wyoming now owns 5,873 shares of the business services provider's stock valued at $604,000 after purchasing an additional 3,301 shares during the last quarter. Institutional investors own 91.60% of the company's stock.

Insiders Place Their Bets

In other news, CEO Michael J. Brown sold 95,000 shares of the firm's stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EEFT shares. 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. Keefe, Bruyette & Woods reduced their target price on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research note on Friday, April 25th. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Wall Street Zen downgraded shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, Needham & Company LLC reduced their target price on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $125.57.

Euronet Worldwide Trading Up 0.1%

EEFT stock traded up $0.12 during trading on Thursday, hitting $107.46. The company had a trading volume of 104,529 shares, compared to its average volume of 360,094. The firm has a market capitalization of $4.65 billion, a P/E ratio of 16.61, a PEG ratio of 0.78 and a beta of 1.25. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $117.66. The company has a 50 day simple moving average of $102.13 and a 200-day simple moving average of $102.08. 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 (NASDAQ:EEFT - Get Free Report) last issued 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. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The company had revenue of $915.50 million for the quarter, compared to analysts' expectations of $908.93 million. During the same period in the prior year, the business earned $1.28 EPS. The firm's quarterly revenue was up 6.8% on a year-over-year basis. As a group, research analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

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.