Euronet Worldwide, Inc. (NASDAQ:EEFT) Short Interest Up 8.0% in January

Euronet Worldwide, Inc. (NASDAQ:EEFT) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,350,000 shares, an increase of 8.0% from the December 31st total of 1,250,000 shares. Based on an average daily trading volume, of 263,000 shares, the short-interest ratio is currently 5.1 days. Currently, 3.3% of the company’s shares are short sold.

Euronet Worldwide Trading Down 0.8 %

Shares of EEFT stock opened at $97.67 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The business’s 50 day moving average is $101.92 and its two-hundred day moving average is $101.00. The company has a market cap of $4.29 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 0.78 and a beta of 1.43. Euronet Worldwide has a 12 month low of $91.07 and a 12 month high of $117.66.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, SVP Martin L. Bruckner sold 9,397 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the completion of the transaction, the senior vice president now owns 39,983 shares in the company, valued at $4,290,575.73. This represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the transaction, the chief executive officer now directly owns 90,288 shares in the company, valued at approximately $9,625,603.68. This represents a 36.56 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,910 shares of company stock worth $8,780,102. Company insiders own 10.50% of the company’s stock.

Institutional Investors Weigh In On Euronet Worldwide

A number of institutional investors have recently bought and sold shares of EEFT. R Squared Ltd bought a new position in shares of Euronet Worldwide during the 4th quarter worth approximately $58,000. GAMMA Investing LLC lifted its stake in shares of Euronet Worldwide by 121.3% during the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 523 shares during the period. Blue Trust Inc. boosted its stake in shares of Euronet Worldwide by 26.1% in the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 205 shares during the last quarter. Mendota Financial Group LLC acquired a new stake in Euronet Worldwide during the 3rd quarter worth $100,000. Finally, Quarry LP grew its stake in shares of Euronet Worldwide by 21.6% during the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock worth $108,000 after purchasing an additional 193 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, January 20th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their target price for the company from $118.00 to $110.00 in a report on Friday, October 18th. Finally, Oppenheimer reduced their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.14.

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.