Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Bought by Versor Investments LP

Versor Investments LP boosted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 60.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,732 shares of the business services provider’s stock after buying an additional 4,411 shares during the quarter. Versor Investments LP’s holdings in Euronet Worldwide were worth $1,164,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new stake in Euronet Worldwide during the 1st quarter worth approximately $50,000. Covestor Ltd increased its position in shares of Euronet Worldwide by 174.9% in the 1st quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 348 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Euronet Worldwide in the 2nd quarter valued at approximately $57,000. GAMMA Investing LLC increased its position in shares of Euronet Worldwide by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 241 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Euronet Worldwide in the 2nd quarter valued at approximately $80,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the transaction, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 10.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on EEFT. Needham & Company LLC dropped their price objective on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $118.00 to $110.00 in a research report on Friday, October 18th. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Oppenheimer began coverage on shares of Euronet Worldwide in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $121.00 price objective on the stock. Finally, Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $125.38.

Euronet Worldwide Trading Up 2.6 %

NASDAQ EEFT opened at $104.61 on Tuesday. Euronet Worldwide, Inc. has a 12 month low of $79.81 and a 12 month high of $117.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.19. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 15.12 and a beta of 1.46. The firm’s fifty day moving average price is $99.43 and its 200 day moving average price is $103.99.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the firm posted $2.53 EPS. On average, sell-side analysts expect that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

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.