EntryPoint Capital LLC Has $331,000 Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

EntryPoint Capital LLC lessened its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 15.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,223 shares of the business services provider’s stock after selling 589 shares during the quarter. EntryPoint Capital LLC’s holdings in Euronet Worldwide were worth $331,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Daiwa Securities Group Inc. acquired a new position in shares of Euronet Worldwide during the 3rd quarter worth approximately $109,000. Quantbot Technologies LP bought a new position in Euronet Worldwide during the third quarter worth $4,373,000. FMR LLC increased its holdings in shares of Euronet Worldwide by 21.1% in the third quarter. FMR LLC now owns 75,216 shares of the business services provider’s stock valued at $7,464,000 after purchasing an additional 13,093 shares during the last quarter. Bridgewater Associates LP raised its position in shares of Euronet Worldwide by 82.8% in the third quarter. Bridgewater Associates LP now owns 50,132 shares of the business services provider’s stock valued at $4,975,000 after purchasing an additional 22,701 shares during the period. Finally, CreativeOne Wealth LLC bought a new position in shares of Euronet Worldwide in the third quarter valued at about $260,000. Institutional investors own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction that occurred on 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 of the company’s stock, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 10.50% of the stock is currently owned by insiders.

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $109.62 on Thursday. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 0.78 and a beta of 1.37. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The stock has a fifty day moving average price of $101.34 and a 200-day moving average price of $101.23.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly 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, equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

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.