Occudo Quantitative Strategies LP Sells 431 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Occudo Quantitative Strategies LP decreased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,709 shares of the business services provider’s stock after selling 431 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in Euronet Worldwide were worth $690,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its position in Euronet Worldwide by 28.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider’s stock valued at $1,236,000 after purchasing an additional 2,632 shares during the period. Value Holdings Management CO. LLC grew its holdings in shares of Euronet Worldwide by 119.8% during the fourth quarter. Value Holdings Management CO. LLC now owns 57,823 shares of the business services provider’s stock valued at $5,947,000 after buying an additional 31,518 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Euronet Worldwide by 0.8% during the fourth quarter. HighTower Advisors LLC now owns 25,883 shares of the business services provider’s stock valued at $2,662,000 after buying an additional 209 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Euronet Worldwide by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider’s stock worth $84,512,000 after acquiring an additional 24,569 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Euronet Worldwide in the 4th quarter worth about $28,000. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $110.14 on Thursday. The business’s fifty day simple moving average is $101.32 and its 200 day simple moving average is $101.55. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a 12 month low of $85.24 and a 12 month high of $117.66. The firm has a market capitalization of $4.76 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, hitting analysts’ consensus estimates of $1.13. The company had revenue of $915.50 million for the quarter, compared to analysts’ expectations of $908.93 million. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 EPS. As a group, analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. William Blair restated an “outperform” rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Keefe, Bruyette & Woods decreased their price target on Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating for the company in a report on Friday, April 25th. Needham & Company LLC lowered their price target on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, Stephens reaffirmed an “overweight” rating and set a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $125.57.

Insider Buying and Selling

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the transaction, the chief executive officer now directly owns 1,418,966 shares in the company, valued at $142,875,686.54. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.20% of the stock is currently owned by corporate 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.