Point72 Asia Singapore Pte. Ltd. Lowers Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Point72 Asia Singapore Pte. Ltd. lessened its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 58.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,658 shares of the business services provider's stock after selling 2,339 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in Euronet Worldwide were worth $170,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its position in Euronet Worldwide by 0.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider's stock valued at $340,955,000 after purchasing an additional 16,220 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Euronet Worldwide by 1.5% during the 4th quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider's stock valued at $142,575,000 after buying an additional 20,805 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Euronet Worldwide by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock valued at $84,512,000 after buying an additional 24,569 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Euronet Worldwide by 1.0% during the 4th quarter. Wasatch Advisors LP now owns 723,785 shares of the business services provider's stock worth $74,434,000 after acquiring an additional 7,246 shares during the last quarter. Finally, Voss Capital LP grew its position in Euronet Worldwide by 21.9% in the fourth quarter. Voss Capital LP now owns 630,000 shares of the business services provider's stock worth $64,789,000 after acquiring an additional 113,236 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Euronet Worldwide Trading Down 0.2%

Shares of Euronet Worldwide stock traded down $0.21 on Thursday, hitting $106.24. The stock had a trading volume of 74,214 shares, compared to its average volume of 357,345. 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, Inc. has a one year low of $85.24 and a one year high of $117.66. The stock's 50-day simple moving average is $102.18 and its two-hundred day simple moving average is $101.92. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 0.78 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly 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 net margin of 7.69% and a return on equity of 27.74%. The business had revenue of $915.50 million during the quarter, compared to analysts' expectations of $908.93 million. During the same quarter in the prior year, the company posted $1.28 EPS. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, sell-side analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Insider Buying and Selling

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the company's 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 11.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on EEFT shares. Keefe, Bruyette & Woods cut their price objective on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a report on Friday, April 25th. Stephens restated an "overweight" rating and issued a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, February 14th. Wall Street Zen cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. William Blair restated an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. 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 report on Friday, April 25th. Three 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. Based on data from MarketBeat.com, Euronet Worldwide currently has a consensus rating of "Moderate Buy" and an average target price of $125.57.

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.