MARSHALL WACE ASIA Ltd Trims Holdings in Euronet Worldwide, Inc. (EEFT)

MARSHALL WACE ASIA Ltd lessened its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.3% in the third quarter, HoldingsChannel.com reports. The fund owned 294,400 shares of the business services provider’s stock after selling 6,817 shares during the quarter. MARSHALL WACE ASIA Ltd’s holdings in Euronet Worldwide were worth $29,505,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EEFT. TD Asset Management Inc. acquired a new stake in Euronet Worldwide in the second quarter valued at approximately $276,000. D.A. Davidson & CO. boosted its position in shares of Euronet Worldwide by 25.2% during the second quarter. D.A. Davidson & CO. now owns 4,726 shares of the business services provider’s stock valued at $396,000 after buying an additional 950 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Euronet Worldwide by 8.6% during the second quarter. CIBC Private Wealth Group LLC now owns 354,594 shares of the business services provider’s stock valued at $29,704,000 after buying an additional 28,000 shares during the last quarter. Sei Investments Co. boosted its position in shares of Euronet Worldwide by 5.0% during the second quarter. Sei Investments Co. now owns 182,643 shares of the business services provider’s stock valued at $15,301,000 after buying an additional 8,660 shares during the last quarter. Finally, Boston Partners purchased a new position in shares of Euronet Worldwide during the second quarter valued at approximately $3,036,000.

EEFT has been the topic of several analyst reports. ValuEngine raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Citigroup initiated coverage on Euronet Worldwide in a research report on Tuesday, October 9th. They set a “buy” rating and a $135.00 target price on the stock. DA Davidson lifted their target price on Euronet Worldwide from $114.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, October 4th. BidaskClub raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, October 4th. Finally, SunTrust Banks lifted their target price on Euronet Worldwide to $155.00 and gave the company a “buy” rating in a research report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Euronet Worldwide currently has a consensus rating of “Buy” and a consensus target price of $128.88.

In related news, CFO Rick Weller sold 40,000 shares of Euronet Worldwide stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $120.31, for a total transaction of $4,812,400.00. Following the sale, the chief financial officer now directly owns 33,944 shares in the company, valued at $4,083,802.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jeffrey B. Newman sold 5,000 shares of Euronet Worldwide stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $112.16, for a total value of $560,800.00. The disclosure for this sale can be found here. Insiders have sold 395,129 shares of company stock worth $44,319,156 over the last quarter. 7.70% of the stock is currently owned by corporate insiders.

Euronet Worldwide stock traded down $3.34 during mid-day trading on Thursday, reaching $112.92. 939,000 shares of the company’s stock were exchanged, compared to its average volume of 563,451. The firm has a market capitalization of $5.99 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 1.66 and a beta of 1.06. Euronet Worldwide, Inc. has a one year low of $70.67 and a one year high of $121.93. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.55.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Thursday, October 18th. The business services provider reported $2.09 EPS for the quarter, topping the Zacks’ consensus estimate of $2.04 by $0.05. The business had revenue of $714.50 million for the quarter, compared to analyst estimates of $709.33 million. Euronet Worldwide had a return on equity of 24.13% and a net margin of 6.02%. Analysts predict that Euronet Worldwide, Inc. will post 5.25 EPS for the current fiscal year.

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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 operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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

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