Trexquant Investment LP Boosts Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Trexquant Investment LP increased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 14.0% in the 4th quarter, HoldingsChannel reports. The fund owned 142,328 shares of the business services provider’s stock after buying an additional 17,490 shares during the quarter. Trexquant Investment LP’s holdings in Euronet Worldwide were worth $14,637,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EEFT. Proficio Capital Partners LLC purchased a new stake in shares of Euronet Worldwide in the fourth quarter worth $28,000. R Squared Ltd bought a new position in Euronet Worldwide in the 4th quarter worth $58,000. Jones Financial Companies Lllp increased its stake in Euronet Worldwide by 485.6% in the 4th 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 in the last quarter. GAMMA Investing LLC raised its holdings in Euronet Worldwide by 121.3% during the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 523 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Euronet Worldwide by 26.1% in the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 205 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Michael J. Brown sold 95,000 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This trade represents a 6.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EEFT shares. Oppenheimer cut their target price on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a report on Thursday, December 12th. Keefe, Bruyette & Woods raised their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Stephens reiterated an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday, February 14th. Finally, StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Euronet Worldwide presently has an average rating of “Moderate Buy” and an average target price of $125.86.

Euronet Worldwide Trading Up 1.9 %

EEFT opened at $108.91 on Wednesday. The stock has a 50-day moving average of $102.04 and a 200 day moving average of $101.56. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a 12 month low of $91.07 and a 12 month high of $117.66. The firm has a market cap of $4.76 billion, a P/E ratio of 16.83, a P/E/G ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. As a group, research analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current 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.