Quantbot Technologies LP Has $1.98 Million Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Quantbot Technologies LP lessened its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 56.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,206 shares of the business services provider’s stock after selling 24,859 shares during the period. Quantbot Technologies LP’s holdings in Euronet Worldwide were worth $1,975,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its holdings in Euronet Worldwide by 28.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider’s stock worth $1,236,000 after acquiring an additional 2,632 shares during the last quarter. Holocene Advisors LP bought a new stake in Euronet Worldwide during the 3rd quarter worth about $666,000. Reinhart Partners LLC. grew its holdings in Euronet Worldwide by 3.4% during the 4th quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock worth $64,496,000 after acquiring an additional 20,824 shares during the last quarter. Value Holdings Management CO. LLC grew its holdings in Euronet Worldwide by 119.8% during the 4th quarter. Value Holdings Management CO. LLC now owns 57,823 shares of the business services provider’s stock worth $5,947,000 after acquiring an additional 31,518 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in Euronet Worldwide by 2.0% during the 3rd quarter. Stifel Financial Corp now owns 11,729 shares of the business services provider’s stock worth $1,164,000 after acquiring an additional 232 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

Shares of NASDAQ:EEFT opened at $108.01 on Monday. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 0.78 and a beta of 1.37. The firm’s 50 day simple moving average is $100.72 and its 200 day simple moving average is $101.07. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing analysts’ consensus estimates 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, sell-side analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Keefe, Bruyette & Woods increased their price objective on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Oppenheimer reduced their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Stephens reaffirmed an “overweight” rating and issued a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were 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 in the company, valued at approximately $142,875,686.54. This trade represents a 6.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 10.50% of the stock is currently owned by corporate insiders.

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.