Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC decreased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 62,233 shares of the business services provider’s stock after selling 2,941 shares during the period. Penserra Capital Management LLC’s holdings in Euronet Worldwide were worth $6,175,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of EEFT. Summit Securities Group LLC purchased a new stake in shares of Euronet Worldwide during the 2nd quarter worth $57,000. GAMMA Investing LLC lifted its stake in shares of Euronet Worldwide by 69.5% in the second 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 period. 1620 Investment Advisors Inc. purchased a new stake in Euronet Worldwide during the second quarter worth about $80,000. Mendota Financial Group LLC acquired a new position in Euronet Worldwide during the third quarter worth about $100,000. Finally, Headlands Technologies LLC increased its holdings in Euronet Worldwide by 131.8% in the second quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider’s stock valued at $110,000 after buying an additional 605 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Euronet Worldwide

In other news, CEO Juan Bianchi sold 4,000 shares of the stock in a transaction dated 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 in the company, valued at $1,276,095.20. This represents a 24.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 10.50% of the company’s stock.

Euronet Worldwide Price Performance

Euronet Worldwide stock opened at $105.51 on Monday. The stock has a market capitalization of $4.64 billion, a P/E ratio of 15.25 and a beta of 1.46. Euronet Worldwide, Inc. has a 12-month low of $86.26 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 1.26. The firm’s 50-day moving average is $99.99 and its two-hundred day moving average is $103.70.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same quarter last year, the business earned $2.53 earnings per share. Equities analysts predict that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EEFT. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their price target for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Oppenheimer initiated coverage on Euronet Worldwide in a research report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 target price on the stock. DA Davidson reissued a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Finally, StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Euronet Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $125.38.

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.