Y Intercept Hong Kong Ltd Sells 6,821 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Y Intercept Hong Kong Ltd reduced its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 68.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,186 shares of the business services provider’s stock after selling 6,821 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Euronet Worldwide were worth $316,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Summit Securities Group LLC purchased a new stake in Euronet Worldwide during the second quarter valued at about $57,000. 1620 Investment Advisors Inc. bought a new stake in shares of Euronet Worldwide in the 2nd quarter worth approximately $80,000. Mendota Financial Group LLC purchased a new stake in Euronet Worldwide during the third quarter valued at about $100,000. Headlands Technologies LLC grew its position in Euronet Worldwide by 131.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider’s stock worth $110,000 after acquiring an additional 605 shares during the last quarter. Finally, Quarry LP increased its stake in Euronet Worldwide by 21.6% in the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock worth $108,000 after purchasing an additional 193 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the transaction, the chief executive officer now owns 90,288 shares in the company, valued at approximately $9,625,603.68. This represents a 36.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Martin L. Bruckner sold 9,397 shares of Euronet Worldwide stock in a transaction that occurred on 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 $4,290,575.73. This represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,910 shares of company stock worth $8,780,102 over the last three months. 10.50% of the stock is currently owned by corporate insiders.

Euronet Worldwide Trading Down 0.2 %

Shares of NASDAQ EEFT opened at $106.35 on Wednesday. Euronet Worldwide, Inc. has a 1 year low of $91.07 and a 1 year high of $117.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50-day moving average of $101.84 and a 200 day moving average of $102.62. The stock has a market cap of $4.67 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same period in the previous year, the firm posted $2.53 EPS. As a group, sell-side analysts expect that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, December 13th. Citigroup cut 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. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. Oppenheimer lifted their price objective on Euronet Worldwide from $121.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Finally, DA Davidson reiterated a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.13.

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.