11,882 Shares in Euronet Worldwide, Inc. $EEFT Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,882 shares of the business services provider’s stock, valued at approximately $1,043,000.

Several other large investors have also recently modified their holdings of the business. Geneos Wealth Management Inc. grew its stake in shares of Euronet Worldwide by 48.4% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after purchasing an additional 109 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Euronet Worldwide by 4.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,420 shares of the business services provider’s stock worth $245,000 after buying an additional 113 shares during the period. Evergreen Capital Management LLC grew its position in shares of Euronet Worldwide by 0.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 34,035 shares of the business services provider’s stock valued at $3,450,000 after buying an additional 129 shares during the last quarter. Lecap Asset Management Ltd. grew its position in shares of Euronet Worldwide by 2.9% in the 3rd quarter. Lecap Asset Management Ltd. now owns 4,550 shares of the business services provider’s stock valued at $400,000 after buying an additional 129 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of Euronet Worldwide by 3.2% in the second quarter. Quadrant Capital Group LLC now owns 4,228 shares of the business services provider’s stock valued at $429,000 after buying an additional 131 shares during the period. Institutional investors own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Monness Crespi & Hardt lowered Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Oppenheimer dropped their price target on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Wolfe Research reaffirmed an “underperform” rating and issued a $80.00 price objective on shares of Euronet Worldwide in a research note on Thursday, January 8th. Keefe, Bruyette & Woods lowered their target price on shares of Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Friday, October 24th. Finally, Weiss Ratings cut shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $111.33.

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $72.46 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. Euronet Worldwide, Inc. has a twelve month low of $68.56 and a twelve month high of $114.25. The company has a fifty day moving average of $74.99 and a 200-day moving average of $83.56. The firm has a market capitalization of $3.05 billion, a P/E ratio of 10.61, a P/E/G ratio of 0.57 and a beta of 0.84.

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.