Los Angeles Capital Management LLC Sells 3,262 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Los Angeles Capital Management LLC reduced its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 150,502 shares of the business services provider’s stock after selling 3,262 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Euronet Worldwide were worth $15,478,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of EEFT. R Squared Ltd acquired a new position in shares of Euronet Worldwide during the 4th quarter worth about $58,000. GAMMA Investing LLC grew its position in shares of Euronet Worldwide by 121.3% in the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 523 shares during the period. Blue Trust Inc. grew its position in shares of Euronet Worldwide by 26.1% in the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 205 shares during the period. Quarry LP grew its position in shares of Euronet Worldwide by 21.6% in the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 193 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Euronet Worldwide in the 3rd quarter valued at approximately $109,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the sale, the chief executive officer now owns 52,370 shares of the company’s stock, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EEFT has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Keefe, Bruyette & Woods boosted their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday. Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, February 14th. Finally, Oppenheimer cut their target price on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $127.00.

Euronet Worldwide Trading Up 1.0 %

NASDAQ EEFT opened at $102.84 on Wednesday. The stock has a market capitalization of $4.52 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 0.78 and a beta of 1.43. 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, Inc. has a 52 week low of $91.07 and a 52 week high of $117.66. The stock’s 50 day moving average price is $100.87 and its two-hundred day moving average price is $101.31.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. As a group, analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

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.