Quantinno Capital Management LP Boosts Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Quantinno Capital Management LP raised its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 87.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,565 shares of the business services provider’s stock after acquiring an additional 17,090 shares during the quarter. Quantinno Capital Management LP’s holdings in Euronet Worldwide were worth $3,760,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in EEFT. Xponance Inc. grew its holdings in Euronet Worldwide by 3.6% in the fourth quarter. Xponance Inc. now owns 4,790 shares of the business services provider’s stock worth $493,000 after purchasing an additional 166 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Euronet Worldwide by 2.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider’s stock worth $768,000 after buying an additional 169 shares during the last quarter. Peapack Gladstone Financial Corp grew its stake in Euronet Worldwide by 8.8% during the 4th quarter. Peapack Gladstone Financial Corp now owns 2,228 shares of the business services provider’s stock worth $229,000 after buying an additional 181 shares during the last quarter. New York State Teachers Retirement System increased its position in Euronet Worldwide by 0.8% during the 4th quarter. New York State Teachers Retirement System now owns 23,277 shares of the business services provider’s stock valued at $2,394,000 after buying an additional 196 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Euronet Worldwide by 26.1% in the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after buying an additional 205 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Euronet Worldwide

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. 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. 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 report on Friday, April 25th. William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, Needham & Company LLC cut their price objective on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Euronet Worldwide has a consensus rating of “Moderate Buy” and an average price target of $125.57.

Euronet Worldwide Trading Up 1.4%

NASDAQ EEFT opened at $111.08 on Monday. 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 capitalization of $4.80 billion, a PE ratio of 17.17, a P/E/G ratio of 0.78 and a beta of 1.25. The company has a fifty day moving average of $101.67 and a 200 day moving average of $101.74.

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

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.