Redwood Investment Management LLC Acquires Shares of 35,867 Euronet Worldwide, Inc. (NASDAQ:EEFT)

Redwood Investment Management LLC purchased a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,867 shares of the business services provider's stock, valued at approximately $3,689,000. Redwood Investment Management LLC owned approximately 0.08% of Euronet Worldwide as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new position in shares of Euronet Worldwide during the 4th quarter valued at $28,000. R Squared Ltd purchased a new stake in Euronet Worldwide during the fourth quarter valued at about $58,000. Covestor Ltd grew its stake in shares of Euronet Worldwide by 40.9% during 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 grew its stake 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 valued at $79,000 after buying an additional 762 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Euronet Worldwide by 485.6% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock worth $88,000 after buying an additional 709 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Trading Up 0.3%

Shares of Euronet Worldwide stock traded up $0.38 during midday trading on Tuesday, reaching $111.25. 139,576 shares of the company's stock traded hands, compared to its average volume of 355,589. The stock has a 50 day moving average of $101.90 and a 200-day moving average of $101.82. Euronet Worldwide, Inc. has a 12 month low of $85.24 and a 12 month high of $117.66. The company has a market cap of $4.81 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25. 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 issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 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 business had revenue of $915.50 million during the quarter, compared to analyst estimates of $908.93 million. During the same period in the prior year, the business earned $1.28 EPS. The company's revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide 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 sale, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 11.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EEFT has been the topic of several recent research reports. Keefe, Bruyette & Woods reduced their price target on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Needham & Company LLC cut 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. StockNews.com lowered shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Finally, Stephens reissued an "overweight" rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday, February 14th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $125.57.

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.