Quantinno Capital Management LP Boosts Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Quantinno Capital Management LP raised its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 87.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,565 shares of the business services provider’s stock after buying an additional 17,090 shares during the quarter. Quantinno Capital Management LP owned about 0.08% of Euronet Worldwide worth $3,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of EEFT. Janney Montgomery Scott LLC boosted its stake in Euronet Worldwide by 28.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider’s stock valued at $1,236,000 after buying an additional 2,632 shares during the last quarter. HighTower Advisors LLC increased its position in Euronet Worldwide by 0.8% in the fourth quarter. HighTower Advisors LLC now owns 25,883 shares of the business services provider’s stock worth $2,662,000 after purchasing an additional 209 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in 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 valued at $84,512,000 after purchasing an additional 24,569 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Euronet Worldwide during the fourth quarter valued at $28,000. Finally, Connors Investor Services Inc. purchased a new position in shares of Euronet Worldwide in the 4th quarter worth $206,000. Institutional investors own 91.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Euronet Worldwide Price Performance

EEFT opened at $111.08 on Monday. The business has a fifty day moving average of $101.67 and a 200 day moving average of $101.74. The stock has a market cap of $4.80 billion, a P/E ratio of 17.17, a PEG ratio of 0.78 and a beta of 1.25. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.13. The firm had revenue of $915.50 million during the quarter, compared to analyst estimates of $908.93 million. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. As a group, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Insider Buying and Selling at Euronet Worldwide

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