Walleye Trading LLC Makes New Investment in Euronet Worldwide, Inc. $EEFT

Walleye Trading LLC bought a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,588 shares of the business services provider’s stock, valued at approximately $1,068,000.

A number of other large investors have also recently made changes to their positions in the company. Weitz Investment Management Inc. purchased a new stake in Euronet Worldwide in the fourth quarter valued at approximately $12,178,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Euronet Worldwide in the first quarter valued at approximately $1,795,000. Rock Creek Group LP grew its position in shares of Euronet Worldwide by 233.3% during the fourth quarter. Rock Creek Group LP now owns 100,000 shares of the business services provider’s stock worth $7,611,000 after acquiring an additional 70,000 shares during the last quarter. New Age Alpha Advisors LLC grew its position in shares of Euronet Worldwide by 102.6% during the fourth quarter. New Age Alpha Advisors LLC now owns 34,932 shares of the business services provider’s stock worth $2,659,000 after acquiring an additional 17,690 shares during the last quarter. Finally, Reinhart Partners LLC. increased its holdings in shares of Euronet Worldwide by 24.9% in the 4th quarter. Reinhart Partners LLC. now owns 1,348,340 shares of the business services provider’s stock valued at $102,623,000 after acquiring an additional 268,542 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EEFT has been the subject of several research reports. DA Davidson reiterated a “buy” rating and issued a $102.00 price target on shares of Euronet Worldwide in a research report on Friday, July 10th. Weiss Ratings downgraded shares of Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, Needham & Company LLC lifted their price objective on shares of Euronet Worldwide from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $96.00.

Euronet Worldwide Stock Down 1.4%

Euronet Worldwide stock opened at $73.20 on Friday. The stock has a 50 day moving average of $73.42 and a two-hundred day moving average of $71.51. Euronet Worldwide, Inc. has a twelve month low of $62.50 and a twelve month high of $98.52. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 0.60 and a beta of 0.82. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.47.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Thursday, July 30th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.11). Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. During the same period last year, the business posted $2.56 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. As a group, research analysts expect that Euronet Worldwide, Inc. will post 9.55 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Thomas A. Mcdonnell acquired 3,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $66.87 per share, with a total value of $200,610.00. Following the purchase, the director owned 100,219 shares of the company’s stock, valued at $6,701,644.53. This represents a 3.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 12.19% of the stock is currently owned by company insiders.

Euronet Worldwide Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.