Jane Street Group LLC Sells 11,348 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Jane Street Group LLC decreased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 54.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,626 shares of the business services provider’s stock after selling 11,348 shares during the period. Jane Street Group LLC’s holdings in Euronet Worldwide were worth $990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Xponance Inc. grew its position in shares of Euronet Worldwide by 3.6% during the 4th quarter. Xponance Inc. now owns 4,790 shares of the business services provider’s stock valued at $493,000 after acquiring an additional 166 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Euronet Worldwide by 2.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider’s stock valued at $768,000 after acquiring an additional 169 shares during the period. Peapack Gladstone Financial Corp grew its position in shares of Euronet Worldwide by 8.8% during the 4th quarter. Peapack Gladstone Financial Corp now owns 2,228 shares of the business services provider’s stock valued at $229,000 after acquiring an additional 181 shares during the period. New York State Teachers Retirement System grew its position in shares of Euronet Worldwide by 0.8% during the 4th quarter. New York State Teachers Retirement System now owns 23,277 shares of the business services provider’s stock valued at $2,394,000 after acquiring an additional 196 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Euronet Worldwide by 26.1% during the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 205 shares during the period. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Down 0.3%

EEFT opened at $106.16 on Friday. The firm has a 50-day simple moving average of $102.20 and a two-hundred day simple moving average of $101.96. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $117.66. The company has a market capitalization of $4.59 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, meeting the consensus estimate of $1.13. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The business had revenue of $915.50 million during the quarter, compared to the consensus estimate of $908.93 million. During the same quarter in the prior year, the firm earned $1.28 EPS. The business’s revenue was up 6.8% on a year-over-year basis. Analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EEFT has been the topic of a number of analyst reports. Needham & Company LLC lowered their target price on shares of Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. William Blair restated an “outperform” rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Wall Street Zen cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Keefe, Bruyette & Woods lowered their target price on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a research note on Friday, April 25th. Finally, Stephens restated an “overweight” rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $125.57.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the sale, the chief executive officer now directly owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This represents a 6.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.20% of the company’s stock.

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.