Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lowered its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 9.8% during the fourth quarter, Holdings Channel reports. The firm owned 113,339 shares of the business services provider’s stock after selling 12,287 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Euronet Worldwide were worth $11,656,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. EP Wealth Advisors LLC raised its stake in Euronet Worldwide by 18.4% during the 4th quarter. EP Wealth Advisors LLC now owns 2,532 shares of the business services provider’s stock worth $260,000 after acquiring an additional 393 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Euronet Worldwide by 68.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 75,579 shares of the business services provider’s stock worth $7,773,000 after purchasing an additional 30,823 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Euronet Worldwide by 3.9% during the fourth quarter. Captrust Financial Advisors now owns 8,294 shares of the business services provider’s stock worth $853,000 after purchasing an additional 311 shares in the last quarter. Algert Global LLC boosted its position in shares of Euronet Worldwide by 57.2% in the 4th quarter. Algert Global LLC now owns 135,903 shares of the business services provider’s stock valued at $13,976,000 after purchasing an additional 49,434 shares during the period. Finally, 4D Advisors LLC acquired a new stake in shares of Euronet Worldwide in the 4th quarter valued at about $4,114,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Michael J. Brown sold 95,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the sale, the chief executive officer now directly owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. This trade represents a 6.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.20% of the stock is currently owned by insiders.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $110.28 on Wednesday. The stock has a fifty day moving average price of $101.15 and a 200 day moving average price of $101.49. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $117.66. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. The company has a market cap of $4.77 billion, a PE ratio of 17.04, a P/E/G ratio of 0.78 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. The business had revenue of $915.50 million for the quarter, compared to the consensus estimate of $908.93 million. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 earnings per share. Sell-side analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EEFT shares. Stephens restated an “overweight” rating and set a $130.00 price target on shares of Euronet Worldwide in a research note 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. Needham & Company LLC reduced their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 25th. William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Euronet Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $125.57.

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.