Dynamic Technology Lab Private Ltd Buys 3,150 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Dynamic Technology Lab Private Ltd boosted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 64.3% during the fourth quarter, Holdings Channel reports. The fund owned 8,050 shares of the business services provider’s stock after acquiring an additional 3,150 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Euronet Worldwide were worth $828,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Euronet Worldwide during the 4th quarter valued at about $58,000. Jones Financial Companies Lllp boosted its stake in Euronet Worldwide by 485.6% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock worth $88,000 after buying an additional 709 shares in the last quarter. GAMMA Investing LLC grew its position in Euronet Worldwide by 121.3% during the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 523 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Euronet Worldwide by 26.1% during the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock worth $98,000 after acquiring an additional 205 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of 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 acquiring an additional 193 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

EEFT opened at $93.18 on Monday. The stock’s 50 day moving average price is $102.23 and its 200-day moving average price is $101.59. Euronet Worldwide, Inc. has a 52-week low of $91.07 and a 52-week high of $117.66. The stock has a market capitalization of $4.08 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. On average, equities research analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on EEFT. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th. Oppenheimer reduced their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, February 14th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.86.

Insiders Place Their Bets

In related news, CEO Michael J. Brown sold 95,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total value of $9,565,550.00. Following the sale, the chief executive officer now directly owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. This represents a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.50% of the stock is currently owned by company insiders.

Euronet Worldwide Company 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.