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

Point72 Asia Singapore Pte. Ltd. lessened its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 58.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 reporting period.

A number of other hedge funds have also added to or reduced their stakes in EEFT. Allspring Global Investments Holdings LLC boosted its holdings in Euronet Worldwide by 0.5% in the 4th 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 period. Janus Henderson Group PLC boosted its holdings in Euronet Worldwide by 1.5% in 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 purchasing an additional 20,805 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Euronet Worldwide by 3.1% in 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 purchasing an additional 24,569 shares during the period. Wasatch Advisors LP boosted its holdings in Euronet Worldwide by 1.0% in the 4th quarter. Wasatch Advisors LP now owns 723,785 shares of the business services provider's stock valued at $74,434,000 after purchasing an additional 7,246 shares during the period. Finally, Voss Capital LP grew its holdings in shares of Euronet Worldwide by 21.9% during the fourth quarter. Voss Capital LP now owns 630,000 shares of the business services provider's stock worth $64,789,000 after purchasing an additional 113,236 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on EEFT. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. StockNews.com lowered Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. 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 reissued an "overweight" rating and set a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. Finally, Needham & Company LLC cut 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. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $125.57.

Insider Activity at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction dated Thursday, March 13th. The shares were 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 owns 1,418,966 shares of the company's stock, valued at approximately $142,875,686.54. The trade was a 6.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.20% of the stock is owned by corporate insiders.

Euronet Worldwide Trading Up 0.2%

NASDAQ:EEFT traded up $0.20 during trading hours on Tuesday, reaching $111.07. The company's stock had a trading volume of 380,581 shares, compared to its average volume of 357,338. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 0.78 and a beta of 1.25. The firm has a 50-day simple moving average of $101.90 and a 200-day simple moving average of $101.82. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $117.66. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings data 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 return on equity of 27.74% and a net margin of 7.69%. The firm had revenue of $915.50 million during the quarter, compared to the consensus estimate of $908.93 million. During the same quarter in the previous year, the company posted $1.28 earnings per share. The business's revenue was up 6.8% on a year-over-year basis. Research analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS 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.