Numerai GP LLC Has $1.03 Million Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Numerai GP LLC lifted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 95.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,035 shares of the business services provider's stock after purchasing an additional 4,889 shares during the quarter. Numerai GP LLC's holdings in Euronet Worldwide were worth $1,032,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Euronet Worldwide during the 4th quarter worth approximately $58,000. Covestor Ltd lifted its holdings 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 period. Aster Capital Management DIFC Ltd raised 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 acquiring an additional 762 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Euronet Worldwide by 485.6% during the 4th 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 in the last quarter. Finally, Blue Trust Inc. grew its stake in Euronet Worldwide by 26.1% in the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider's stock valued at $98,000 after buying an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 1,418,966 shares of the company's stock, valued at $142,875,686.54. This represents a 6.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.20% of the stock is currently owned by company insiders.

Euronet Worldwide Price Performance

Shares of EEFT traded up $0.32 during midday trading on Tuesday, hitting $111.19. The company's stock had a trading volume of 77,981 shares, compared to its average volume of 355,333. Euronet Worldwide, Inc. has a one year low of $85.24 and a one year high of $117.66. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth 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. The company's fifty day simple moving average is $101.90 and its two-hundred day simple moving average is $101.82.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. The firm had revenue of $915.50 million for the quarter, compared to the consensus estimate of $908.93 million. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The business's revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.28 earnings per share. As a group, equities analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Needham & Company LLC decreased their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday, April 25th. StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Keefe, Bruyette & Woods reduced their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research report on Friday, April 25th. Stephens restated an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, February 14th. Finally, William Blair restated an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Euronet Worldwide presently has an average rating of "Moderate Buy" and a consensus price target of $125.57.

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.