Two Sigma Investments LP trimmed its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 21.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,219 shares of the business services provider’s stock after selling 35,930 shares during the quarter. Two Sigma Investments LP owned 0.25% of Euronet Worldwide worth $10,974,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Victory Capital Management Inc. lifted its holdings in Euronet Worldwide by 12.1% in the 4th quarter. Victory Capital Management Inc. now owns 2,712,984 shares of the business services provider’s stock valued at $228,623,000 after acquiring an additional 292,777 shares during the last quarter. Wasatch Advisors Inc. lifted its holdings in Euronet Worldwide by 14.5% in the 4th quarter. Wasatch Advisors Inc. now owns 874,298 shares of the business services provider’s stock valued at $73,677,000 after acquiring an additional 111,033 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in Euronet Worldwide by 19.0% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 564,541 shares of the business services provider’s stock valued at $47,574,000 after acquiring an additional 90,163 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Euronet Worldwide by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 472,823 shares of the business services provider’s stock valued at $44,817,000 after acquiring an additional 7,343 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Euronet Worldwide by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 441,032 shares of the business services provider’s stock valued at $37,164,000 after acquiring an additional 3,535 shares during the last quarter.
In other news, CEO Michael J. Brown sold 20,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $79.63, for a total value of $1,592,600.00. Following the transaction, the chief executive officer now owns 1,502,348 shares in the company, valued at approximately $119,631,971.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 80,000 shares of company stock worth $6,804,800 in the last quarter. 7.70% of the stock is owned by corporate insiders.
A number of equities research analysts have weighed in on EEFT shares. BidaskClub raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Goldman Sachs began coverage on Euronet Worldwide in a report on Thursday, December 14th. They set a “buy” rating and a $110.00 price objective on the stock. William Blair downgraded Euronet Worldwide from an “outperform” rating to a “market perform” rating in a report on Monday, December 18th. Zacks Investment Research downgraded Euronet Worldwide from a “hold” rating to a “sell” rating in a report on Monday, December 25th. Finally, DA Davidson boosted their price objective on Euronet Worldwide to $118.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $111.71.
Euronet Worldwide stock opened at $87.24 on Monday. The firm has a market capitalization of $4,485.84, a PE ratio of 20.24, a PEG ratio of 1.16 and a beta of 1.49. Euronet Worldwide, Inc. has a twelve month low of $76.26 and a twelve month high of $101.07. The company has a quick ratio of 1.27, a current ratio of 1.34 and a debt-to-equity ratio of 0.34.
Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. The company had revenue of $604.60 million for the quarter, compared to the consensus estimate of $609.53 million. Euronet Worldwide had a return on equity of 21.76% and a net margin of 6.97%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. sell-side analysts forecast that Euronet Worldwide, Inc. will post 5 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Euronet Worldwide, Inc. (EEFT) Shares Sold by Two Sigma Investments LP” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://ledgergazette.com/2018/03/19/euronet-worldwide-inc-eeft-shares-sold-by-two-sigma-investments-lp.html.
About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
Receive News & Ratings for Euronet Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronet Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.