AlphaQuest LLC Acquires 30,327 Shares of Euronet Worldwide, Inc. $EEFT

AlphaQuest LLC grew its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1,358.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,560 shares of the business services provider’s stock after purchasing an additional 30,327 shares during the quarter. AlphaQuest LLC owned approximately 0.08% of Euronet Worldwide worth $2,859,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in Euronet Worldwide by 131.9% during the second quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock valued at $132,632,000 after buying an additional 744,040 shares during the period. Norges Bank bought a new stake in Euronet Worldwide during the 2nd quarter valued at $48,417,000. American Century Companies Inc. boosted its position in Euronet Worldwide by 20.4% during the 2nd quarter. American Century Companies Inc. now owns 1,342,733 shares of the business services provider’s stock valued at $136,126,000 after acquiring an additional 227,597 shares in the last quarter. Reinhart Partners LLC. increased 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 period. Finally, Lazard Asset Management LLC raised its position in shares of Euronet Worldwide by 162.8% in the 2nd quarter. Lazard Asset Management LLC now owns 267,754 shares of the business services provider’s stock worth $27,143,000 after acquiring an additional 165,885 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Down 0.6%

NASDAQ:EEFT opened at $72.46 on Friday. The company has a current ratio of 1.15, a quick 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 market cap of $3.05 billion, a PE ratio of 10.61, a P/E/G ratio of 0.57 and a beta of 0.84. The company’s 50 day moving average is $74.99 and its two-hundred day moving average is $83.68.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EEFT. Weiss Ratings downgraded Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Monness Crespi & Hardt cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Monday, January 5th. Keefe, Bruyette & Woods reduced their price objective 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. Wall Street Zen cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Needham & Company LLC cut their price target on shares of Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. 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 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.