AlphaQuest LLC Boosts Stock Position in Euronet Worldwide, Inc. $EEFT

AlphaQuest LLC lifted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1,358.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,560 shares of the business services provider’s stock after purchasing an additional 30,327 shares during the quarter. AlphaQuest LLC’s holdings in Euronet Worldwide were worth $2,859,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of EEFT. American Century Companies Inc. increased its holdings in Euronet Worldwide by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 1,342,733 shares of the business services provider’s stock worth $136,126,000 after buying an additional 227,597 shares during the period. AQR Capital Management LLC lifted its stake in Euronet Worldwide by 131.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock valued at $132,632,000 after acquiring an additional 744,040 shares during the period. Burgundy Asset Management Ltd. boosted its holdings in shares of Euronet Worldwide by 3.9% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,217,631 shares of the business services provider’s stock valued at $123,443,000 after acquiring an additional 46,205 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in shares of Euronet Worldwide by 20.3% in the 3rd quarter. Reinhart Partners LLC. now owns 1,079,798 shares of the business services provider’s stock valued at $94,818,000 after acquiring an additional 181,888 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Euronet Worldwide by 17.0% in the first quarter. Goldman Sachs Group Inc. now owns 628,384 shares of the business services provider’s stock worth $67,143,000 after acquiring an additional 91,348 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

NASDAQ:EEFT opened at $72.46 on Friday. Euronet Worldwide, Inc. has a 52 week low of $68.56 and a 52 week high of $114.25. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $3.05 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 0.57 and a beta of 0.84. The stock’s 50-day moving average price is $74.99 and its 200-day moving average price is $83.68.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EEFT. Wall Street Zen downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Needham & Company LLC reduced their price objective on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Weiss Ratings cut Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Wolfe Research restated an “underperform” rating and issued a $80.00 target price on shares of Euronet Worldwide in a research note on Thursday, January 8th. Finally, Keefe, Bruyette & Woods reduced their price target on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Friday, October 24th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $111.33.

About Euronet Worldwide

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.