GAMMA Investing LLC Acquires 523 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

GAMMA Investing LLC boosted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 121.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 954 shares of the business services provider’s stock after purchasing an additional 523 shares during the period. GAMMA Investing LLC’s holdings in Euronet Worldwide were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Oppenheimer & Co. Inc. grew its position in Euronet Worldwide by 0.7% in the third quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock valued at $1,793,000 after purchasing an additional 133 shares in the last quarter. Arizona State Retirement System lifted its stake in Euronet Worldwide by 1.1% in the second quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider’s stock valued at $1,260,000 after acquiring an additional 135 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Euronet Worldwide by 6.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock valued at $243,000 after acquiring an additional 143 shares during the last quarter. HighTower Advisors LLC lifted its stake in Euronet Worldwide by 0.6% in the third quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock valued at $2,540,000 after acquiring an additional 158 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Euronet Worldwide by 3.6% in the third quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider’s stock valued at $486,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on EEFT shares. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th. DA Davidson restated a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Oppenheimer cut their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Finally, Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their target price for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.25.

Euronet Worldwide Trading Down 2.7 %

Shares of Euronet Worldwide stock opened at $97.21 on Friday. The firm has a market capitalization of $4.27 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 0.94 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. The firm’s 50 day moving average is $103.39 and its 200 day moving average is $101.74. Euronet Worldwide, Inc. has a 1 year low of $91.07 and a 1 year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $2.53 EPS. Equities research analysts forecast that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $103.56, for a total value of $2,224,365.24. Following the transaction, the chief executive officer now owns 52,370 shares in the company, valued at approximately $5,423,437.20. The trade was a 29.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the completion of the transaction, the chief executive officer now owns 90,288 shares in the company, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,910 shares of company stock worth $8,780,102 in the last ninety days. Company insiders own 10.50% of the company’s stock.

Euronet Worldwide Company 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.