3,997 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,997 shares of the business services provider’s stock, valued at approximately $397,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wasatch Advisors LP lifted its position in shares of Euronet Worldwide by 45.8% in the 3rd quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock valued at $71,102,000 after acquiring an additional 224,982 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Euronet Worldwide in the third quarter valued at $15,258,000. Dimensional Fund Advisors LP boosted its position in shares of Euronet Worldwide by 17.7% in the second quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock worth $78,172,000 after buying an additional 113,685 shares during the period. Marshall Wace LLP purchased a new position in shares of Euronet Worldwide during the second quarter valued at $9,047,000. Finally, New South Capital Management Inc. raised its position in Euronet Worldwide by 16.2% during the second quarter. New South Capital Management Inc. now owns 625,677 shares of the business services provider’s stock valued at $64,758,000 after buying an additional 87,258 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT opened at $105.29 on Tuesday. The business’s 50-day simple moving average is $100.61 and its 200-day simple moving average is $103.31. Euronet Worldwide, Inc. has a 52 week low of $87.85 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. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 15.22, a P/E/G ratio of 0.95 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, beating the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company posted $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.

Analysts Set New Price Targets

EEFT has been the subject of a number of research reports. Oppenheimer raised their price objective on Euronet Worldwide from $121.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Needham & Company LLC decreased their target price on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their price target for the company from $118.00 to $110.00 in a report on Friday, October 18th. Finally, DA Davidson reiterated a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.13.

Insider Buying and Selling

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the transaction, the chief executive officer now directly owns 90,288 shares of the company’s stock, valued at $9,625,603.68. The trade was a 36.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Juan Bianchi sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the sale, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. This represents a 24.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,431 shares of company stock worth $6,966,057 in the last quarter. 10.50% of the stock is currently owned by company insiders.

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.