Dynamic Technology Lab Private Ltd Has $486,000 Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Dynamic Technology Lab Private Ltd lessened its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 79.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,900 shares of the business services provider’s stock after selling 18,844 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Euronet Worldwide were worth $486,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Daiwa Securities Group Inc. acquired a new stake in shares of Euronet Worldwide in the third quarter worth $109,000. Thompson Siegel & Walmsley LLC grew its stake in shares of Euronet Worldwide by 5.4% in the third quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock worth $16,004,000 after acquiring an additional 8,230 shares during the last quarter. Aurora Investment Counsel acquired a new stake in shares of Euronet Worldwide in the third quarter worth $1,307,000. King Luther Capital Management Corp grew its stake in shares of Euronet Worldwide by 0.8% in the third quarter. King Luther Capital Management Corp now owns 73,775 shares of the business services provider’s stock worth $7,321,000 after acquiring an additional 615 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Euronet Worldwide in the third quarter worth $4,085,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Stock Down 0.0 %

Shares of NASDAQ EEFT opened at $105.13 on Friday. The stock has a market cap of $4.62 billion, a PE ratio of 15.20, a PEG ratio of 0.95 and a beta of 1.46. The business has a fifty day moving average of $100.46 and a two-hundred day moving average of $103.60. Euronet Worldwide, Inc. has a 52-week low of $86.51 and a 52-week high of $117.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same period last year, the business earned $2.53 earnings per share. As a group, equities research analysts expect that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

Insider Activity at Euronet Worldwide

In related news, SVP Martin L. Bruckner sold 9,397 shares of Euronet Worldwide stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $107.31, for a total value of $1,008,392.07. Following the completion of the transaction, the senior vice president now directly owns 39,983 shares of the company’s stock, valued at $4,290,575.73. The trade was a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $106.61, for a total value of $5,547,344.74. Following the completion of the transaction, the chief executive officer now directly owns 90,288 shares of the company’s stock, valued at $9,625,603.68. This represents a 36.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 65,431 shares of company stock valued at $6,966,057 over the last ninety days. 10.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

EEFT has been the topic of several research analyst reports. Needham & Company LLC lowered their price objective on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Oppenheimer lifted their price target on shares of Euronet Worldwide from $121.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Finally, DA Davidson reiterated a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $127.13.

Euronet Worldwide 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.