Ieq Capital LLC Purchases New Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Ieq Capital LLC acquired a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,444 shares of the business services provider’s stock, valued at approximately $354,000.

A number of other large investors also recently added to or reduced their stakes in the business. R Squared Ltd bought a new stake in shares of Euronet Worldwide during the fourth quarter worth approximately $58,000. GAMMA Investing LLC grew its holdings in Euronet Worldwide by 121.3% during the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock worth $98,000 after acquiring an additional 523 shares during the period. Blue Trust Inc. raised its position in shares of Euronet Worldwide by 26.1% during the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 205 shares during the last quarter. Quarry LP lifted its stake in shares of Euronet Worldwide by 21.6% in the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 193 shares during the period. Finally, Daiwa Securities Group Inc. bought a new position in shares of Euronet Worldwide in the 3rd quarter worth $109,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Stock Up 1.2 %

Shares of EEFT stock opened at $100.92 on Friday. Euronet Worldwide, Inc. has a 12-month low of $91.07 and a 12-month high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The firm has a fifty day moving average of $100.79 and a 200-day moving average of $101.29. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 0.78 and a beta of 1.43.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. As a group, equities research analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday, December 12th. Stephens reaffirmed an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, February 14th. Oppenheimer reduced their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock 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 report on Saturday, February 22nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

Insider Activity

In related news, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the transaction, the chief executive officer now owns 52,370 shares of the company’s stock, valued at $5,423,437.20. The trade was a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.50% of the stock is owned by company insiders.

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.