Choreo LLC Increases Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Choreo LLC raised its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 65.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,295 shares of the business services provider’s stock after acquiring an additional 2,875 shares during the period. Choreo LLC’s holdings in Euronet Worldwide were worth $748,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EEFT. R Squared Ltd bought a new position in Euronet Worldwide in the 4th quarter worth about $58,000. GAMMA Investing LLC lifted its stake in shares of Euronet Worldwide by 121.3% in the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock worth $98,000 after buying an additional 523 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Euronet Worldwide by 26.1% in the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock worth $98,000 after buying an additional 205 shares in the last quarter. Quarry LP grew its holdings in shares of Euronet Worldwide by 21.6% during the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after buying an additional 193 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Euronet Worldwide during the third quarter valued at approximately $109,000. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Price Performance

NASDAQ EEFT opened at $96.98 on Monday. 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 firm has a market capitalization of $4.26 billion, a P/E ratio of 14.01, a PEG ratio of 0.77 and a beta of 1.43. The company has a 50-day moving average price of $101.36 and a 200-day moving average price of $100.92. Euronet Worldwide, Inc. has a 52 week low of $91.07 and a 52 week high of $117.66.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, SVP Martin L. Bruckner sold 9,397 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the sale, the senior vice president now owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. The trade was a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the completion of the sale, the chief executive officer now owns 90,288 shares of the company’s stock, valued at approximately $9,625,603.68. The trade was a 36.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,910 shares of company stock valued at $8,780,102. Insiders own 10.50% of the company’s stock.

Wall Street Analyst Weigh In

EEFT has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, January 20th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their target price for the company from $118.00 to $110.00 in a research note on Friday, October 18th. Finally, Oppenheimer dropped their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.14.

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.