Trexquant Investment LP Buys 17,490 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Trexquant Investment LP raised its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 14.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 142,328 shares of the business services provider’s stock after acquiring an additional 17,490 shares during the quarter. Trexquant Investment LP owned approximately 0.32% of Euronet Worldwide worth $14,637,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in shares of Euronet Worldwide during the fourth quarter valued at approximately $28,000. R Squared Ltd bought a new stake in shares of Euronet Worldwide during the 4th quarter valued at $58,000. Jones Financial Companies Lllp grew its position in shares of Euronet Worldwide by 485.6% in the 4th 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 during the period. GAMMA Investing LLC increased its stake in shares of Euronet Worldwide by 121.3% in the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock worth $98,000 after acquiring an additional 523 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Euronet Worldwide by 26.1% during the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 205 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

Shares of EEFT stock opened at $108.91 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The company has a 50 day moving average price of $102.04 and a 200-day moving average price of $101.56. Euronet Worldwide, Inc. has a 52 week low of $91.07 and a 52 week high of $117.66. The firm has a market capitalization of $4.76 billion, a PE ratio of 16.83, a P/E/G ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share 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 research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Insider Activity at Euronet Worldwide

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 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 in the company, valued at $142,875,686.54. The trade was a 6.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Stephens reaffirmed an “overweight” rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. Keefe, Bruyette & Woods raised their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. Finally, Oppenheimer cut their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Four 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 has a consensus rating of “Moderate Buy” and a consensus target price of $125.86.

Euronet Worldwide 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.