Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC lowered its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 17.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,313 shares of the business services provider’s stock after selling 716 shares during the quarter. Verition Fund Management LLC’s holdings in Euronet Worldwide were worth $329,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EEFT. Capstone Investment Advisors LLC acquired a new stake in shares of Euronet Worldwide during the third quarter worth $220,000. Martingale Asset Management L P lifted its position in Euronet Worldwide by 0.8% during the third quarter. Martingale Asset Management L P now owns 47,788 shares of the business services provider’s stock worth $4,742,000 after buying an additional 398 shares during the period. CreativeOne Wealth LLC acquired a new stake in Euronet Worldwide in the 3rd quarter worth about $260,000. Bridgewater Associates LP grew its holdings in Euronet Worldwide by 82.8% in the 3rd quarter. Bridgewater Associates LP now owns 50,132 shares of the business services provider’s stock valued at $4,975,000 after buying an additional 22,701 shares during the period. Finally, FMR LLC grew its holdings in Euronet Worldwide by 21.1% in the 3rd quarter. FMR LLC now owns 75,216 shares of the business services provider’s stock valued at $7,464,000 after buying an additional 13,093 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Up 0.1 %

Shares of NASDAQ:EEFT opened at $103.46 on Friday. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. The company has a 50 day moving average of $101.63 and a two-hundred day moving average of $102.80. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide, Inc. has a 52-week low of $91.07 and a 52-week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (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 firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm posted $2.53 EPS. As a group, analysts forecast that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their target price for the company from $118.00 to $110.00 in a report on Friday, October 18th. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Oppenheimer lifted their price target on shares of Euronet Worldwide from $121.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Four equities research 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, the company currently has an average rating of “Moderate Buy” and an average target price of $127.13.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the transaction, the chief executive officer now directly owns 52,370 shares of the company’s stock, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Martin L. Bruckner sold 9,397 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were 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 in the company, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,910 shares of company stock valued at $8,780,102. 10.50% of the stock is currently owned by 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.