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

Versor Investments LP lessened its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 48.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,013 shares of the business services provider’s stock after selling 5,719 shares during the period. Versor Investments LP’s holdings in Euronet Worldwide were worth $618,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. raised its position in shares of Euronet Worldwide by 0.7% in the third quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock valued at $1,793,000 after buying an additional 133 shares during the last quarter. HighTower Advisors LLC increased its position in Euronet Worldwide by 0.6% during the third quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock worth $2,540,000 after purchasing an additional 158 shares during the last quarter. State of Alaska Department of Revenue increased its position in Euronet Worldwide by 3.6% during the third quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider’s stock worth $486,000 after purchasing an additional 170 shares during the last quarter. Quarry LP increased its position in Euronet Worldwide by 21.6% during the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock worth $108,000 after purchasing an additional 193 shares during the last quarter. Finally, New York State Teachers Retirement System increased its position in Euronet Worldwide by 0.8% during the fourth quarter. New York State Teachers Retirement System now owns 23,277 shares of the business services provider’s stock worth $2,394,000 after purchasing an additional 196 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

EEFT has been the subject of several research analyst reports. Stephens reaffirmed an “overweight” rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Oppenheimer dropped their price target on shares of 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 reaffirmed a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.00.

Euronet Worldwide Price Performance

EEFT opened at $102.46 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a 52-week low of $91.07 and a 52-week high of $117.66. The company has a 50 day moving average of $100.79 and a two-hundred day moving average of $101.29. The company has a market cap of $4.50 billion, a P/E ratio of 15.84, a P/E/G ratio of 0.78 and a beta of 1.43.

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

Insider Activity

In other news, CEO Nikos Fountas sold 21,479 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the transaction, the chief executive officer now directly owns 52,370 shares in the company, valued at approximately $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.50% of the company’s stock.

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.