Quantbot Technologies LP Takes $4.37 Million Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Quantbot Technologies LP purchased a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 44,065 shares of the business services provider’s stock, valued at approximately $4,373,000.

Several other institutional investors have also added to or reduced their stakes in EEFT. Jacobs Levy Equity Management Inc. boosted its position in Euronet Worldwide by 74.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 51,834 shares of the business services provider’s stock valued at $5,698,000 after buying an additional 22,064 shares during the period. Tidal Investments LLC lifted its position in shares of Euronet Worldwide by 15.6% in the 1st quarter. Tidal Investments LLC now owns 9,018 shares of the business services provider’s stock worth $991,000 after purchasing an additional 1,217 shares during the period. Comerica Bank lifted its position in shares of Euronet Worldwide by 22.1% in the 1st quarter. Comerica Bank now owns 23,657 shares of the business services provider’s stock worth $2,601,000 after purchasing an additional 4,288 shares during the period. LRI Investments LLC purchased a new stake in shares of Euronet Worldwide in the 1st quarter worth about $173,000. Finally, SG Capital Management LLC lifted its position in shares of Euronet Worldwide by 106.8% in the 1st quarter. SG Capital Management LLC now owns 41,934 shares of the business services provider’s stock worth $4,610,000 after purchasing an additional 21,654 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT opened at $105.43 on Wednesday. The firm’s 50-day moving average price is $100.15 and its 200-day moving average price is $103.64. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The company has a market cap of $4.63 billion, a PE ratio of 15.24 and a beta of 1.46. Euronet Worldwide, Inc. has a 52-week low of $86.26 and a 52-week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results 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 firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same quarter last year, the firm posted $2.53 EPS. As a group, analysts anticipate that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

Insider Buying and Selling

In related news, CEO Juan Bianchi sold 4,000 shares of the firm’s 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 transaction, the chief executive officer now owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. This trade represents a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 10.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EEFT has been the subject of several research analyst reports. Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. DA Davidson reaffirmed a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a research report on Tuesday, October 8th. 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 price target 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. Finally, Citigroup lowered 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. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average 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.