Squarepoint Ops LLC Boosts Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

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Squarepoint Ops LLC raised its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 180.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 71,576 shares of the business services provider’s stock after purchasing an additional 46,032 shares during the quarter. Squarepoint Ops LLC’s holdings in Euronet Worldwide were worth $10,472,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of EEFT. Whittier Trust Co. purchased a new stake in shares of Euronet Worldwide in the third quarter worth about $29,000. Quad Cities Investment Group LLC purchased a new stake in shares of Euronet Worldwide in the third quarter worth about $29,000. Usca Ria LLC purchased a new stake in shares of Euronet Worldwide in the third quarter worth about $29,000. Ropes Wealth Advisors LLC boosted its stake in shares of Euronet Worldwide by 114.5% in the third quarter. Ropes Wealth Advisors LLC now owns 236 shares of the business services provider’s stock worth $35,000 after buying an additional 126 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Euronet Worldwide in the second quarter worth about $41,000. Institutional investors and hedge funds own 93.22% of the company’s stock.

Shares of Euronet Worldwide stock opened at $157.19 on Monday. The business has a 50 day simple moving average of $148.28 and a two-hundred day simple moving average of $153.72. Euronet Worldwide, Inc. has a 12 month low of $91.78 and a 12 month high of $171.25. The stock has a market capitalization of $8.49 billion, a P/E ratio of 29.60, a PEG ratio of 2.34 and a beta of 1.10. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.88 and a quick ratio of 1.88.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.77 EPS for the quarter, beating the consensus estimate of $2.73 by $0.04. Euronet Worldwide had a return on equity of 26.78% and a net margin of 11.10%. The firm had revenue of $787.00 million during the quarter, compared to analysts’ expectations of $820.11 million. As a group, research analysts anticipate that Euronet Worldwide, Inc. will post 6.7 EPS for the current fiscal year.

A number of equities analysts have issued reports on the company. DA Davidson upgraded Euronet Worldwide from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $170.00 to $168.00 in a research report on Thursday, October 24th. Citigroup increased their price target on Euronet Worldwide from $168.00 to $189.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Northland Securities reiterated a “buy” rating and set a $175.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 1st. ValuEngine upgraded Euronet Worldwide from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Piper Jaffray Companies set a $180.00 price target on Euronet Worldwide and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $171.22.

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 8,565 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $154.00, for a total transaction of $1,319,010.00. Following the completion of the sale, the chief executive officer now owns 85,064 shares of the company’s stock, valued at $13,099,856. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kevin J. Caponecchi sold 33,565 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $153.43, for a total value of $5,149,877.95. Following the sale, the chief executive officer now directly owns 85,064 shares of the company’s stock, valued at approximately $13,051,369.52. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by company insiders.

Euronet Worldwide Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company's Electronic Financial Transaction (EFT) 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 card outsourcing, card issuing, and merchant acquiring services.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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