Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 253.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 5,862 shares of the business services provider’s stock after purchasing an additional 4,204 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Euronet Worldwide were worth $603,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in Euronet Worldwide during the fourth quarter worth approximately $28,000. R Squared Ltd acquired a new position in shares of Euronet Worldwide in the 4th quarter worth $58,000. Covestor Ltd raised its position in shares of Euronet Worldwide by 40.9% during the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider’s stock worth $73,000 after purchasing an additional 207 shares during the period. Aster Capital Management DIFC Ltd lifted its holdings in shares of Euronet Worldwide by 15,240.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 762 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Euronet Worldwide by 485.6% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 709 shares during the period. Institutional investors own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

EEFT has been the topic of several recent analyst reports. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Stephens restated an “overweight” rating and set a $130.00 price target on shares of Euronet Worldwide in a report on Friday, February 14th. William Blair reaffirmed an “outperform” rating on shares of Euronet Worldwide in a research note on Thursday. Keefe, Bruyette & Woods cut their target price on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a research note on Friday. Finally, Needham & Company LLC reduced their target price on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.57.

Insider Activity at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the transaction, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. This represents a 6.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 11.20% of the company’s stock.

Euronet Worldwide Trading Down 2.2 %

Euronet Worldwide stock opened at $96.79 on Monday. Euronet Worldwide, Inc. has a 12 month low of $85.24 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 stock has a market cap of $4.18 billion, a P/E ratio of 14.96, a P/E/G ratio of 0.78 and a beta of 1.18. The company’s fifty day simple moving average is $100.41 and its 200-day simple moving average is $101.07.

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

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.