Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC lowered its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,233 shares of the business services provider’s stock after selling 2,941 shares during the quarter. Penserra Capital Management LLC owned approximately 0.14% of Euronet Worldwide worth $6,175,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Summit Securities Group LLC purchased a new position in shares of Euronet Worldwide during the 2nd quarter valued at approximately $57,000. GAMMA Investing LLC lifted its holdings in Euronet Worldwide by 69.5% during the second quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 241 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Euronet Worldwide in the second quarter valued at about $80,000. Mendota Financial Group LLC acquired a new stake in shares of Euronet Worldwide in the third quarter valued at about $100,000. Finally, Headlands Technologies LLC increased its stake in shares of Euronet Worldwide by 131.8% during the second quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider’s stock worth $110,000 after purchasing an additional 605 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the sale, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. This trade represents a 24.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 10.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on EEFT. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Needham & Company LLC reduced their price objective on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Oppenheimer initiated coverage on Euronet Worldwide in a report on Tuesday, October 1st. They issued an “outperform” rating and a $121.00 price objective on the stock. Finally, DA Davidson reaffirmed a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.38.

Euronet Worldwide Stock Up 0.6 %

Shares of EEFT opened at $105.51 on Monday. Euronet Worldwide, Inc. has a 52-week low of $86.26 and a 52-week high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The stock has a fifty day simple moving average of $99.99 and a two-hundred day simple moving average of $103.70. The company has a market capitalization of $4.64 billion, a PE ratio of 15.25 and a beta of 1.46.

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

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.