Euronet Worldwide, Inc. (NASDAQ:EEFT) Position Decreased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd decreased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 79.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,900 shares of the business services provider’s stock after selling 18,844 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Euronet Worldwide were worth $486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in EEFT. Tidal Investments LLC boosted its position in shares of Euronet Worldwide by 15.6% during the 1st quarter. Tidal Investments LLC now owns 9,018 shares of the business services provider’s stock valued at $991,000 after purchasing an additional 1,217 shares in the last quarter. Comerica Bank boosted its position in shares of Euronet Worldwide by 22.1% during the 1st quarter. Comerica Bank now owns 23,657 shares of the business services provider’s stock valued at $2,601,000 after purchasing an additional 4,288 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Euronet Worldwide by 69.5% during the 2nd 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. Harbor Capital Advisors Inc. boosted its position in shares of Euronet Worldwide by 236.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 46,273 shares of the business services provider’s stock valued at $4,789,000 after purchasing an additional 32,519 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Euronet Worldwide by 87.7% in the second quarter. CWM LLC now owns 1,860 shares of the business services provider’s stock worth $193,000 after buying an additional 869 shares during the period. Institutional investors own 91.60% of the company’s stock.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the transaction, the chief executive officer now owns 90,288 shares in the company, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Juan Bianchi sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the transaction, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. This trade represents a 24.33 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,431 shares of company stock valued at $6,966,057. 10.50% of the stock is currently owned by corporate insiders.

Euronet Worldwide Price Performance

NASDAQ EEFT opened at $105.13 on Friday. The company has a 50 day simple moving average of $100.46 and a 200-day simple moving average of $103.60. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 0.95 and a beta of 1.46. Euronet Worldwide, Inc. has a 52-week low of $86.51 and a 52-week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same quarter last year, the firm earned $2.53 earnings per share. Equities research analysts predict that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on EEFT. DA Davidson reiterated a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Oppenheimer raised their target price on shares of Euronet Worldwide from $121.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Finally, Needham & Company LLC decreased their target price on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.13.

Euronet Worldwide Company 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.