Y Intercept Hong Kong Ltd Sells 6,821 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Y Intercept Hong Kong Ltd lessened its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 68.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,186 shares of the business services provider’s stock after selling 6,821 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Euronet Worldwide were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Burgundy Asset Management Ltd. grew its holdings in Euronet Worldwide by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock valued at $79,415,000 after purchasing an additional 10,689 shares during the period. Savant Capital LLC grew its stake in shares of Euronet Worldwide by 199.3% during the 2nd quarter. Savant Capital LLC now owns 8,928 shares of the business services provider’s stock valued at $924,000 after acquiring an additional 5,945 shares during the period. Thompson Siegel & Walmsley LLC grew its stake in shares of Euronet Worldwide by 5.4% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock valued at $16,004,000 after acquiring an additional 8,230 shares during the period. Maverick Capital Ltd. increased its stake in shares of Euronet Worldwide by 507.8% in the second quarter. Maverick Capital Ltd. now owns 14,916 shares of the business services provider’s stock worth $1,544,000 after purchasing an additional 12,462 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in Euronet Worldwide during the third quarter valued at about $15,258,000. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

Euronet Worldwide stock opened at $106.35 on Wednesday. Euronet Worldwide, Inc. has a 12-month low of $91.07 and a 12-month high of $117.66. The firm has a 50-day moving average price of $101.84 and a 200-day moving average price of $102.62. The firm has a market capitalization of $4.67 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same period last year, the company earned $2.53 EPS. As a group, equities research analysts forecast that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

Insider Activity

In other news, CEO Nikos Fountas sold 21,479 shares of Euronet Worldwide stock in a transaction on Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the transaction, the chief executive officer now directly owns 52,370 shares in the company, valued at approximately $5,423,437.20. This trade represents a 29.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the sale, the senior vice president now owns 39,983 shares in the company, valued at $4,290,575.73. This represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,910 shares of company stock valued at $8,780,102. 10.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on EEFT. DA Davidson reiterated a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Euronet Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $127.13.

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.