Axa S.A. Has $474,000 Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

AXA S.A. trimmed its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 59.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,608 shares of the business services provider's stock after selling 6,672 shares during the quarter. AXA S.A.'s holdings in Euronet Worldwide were worth $474,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EEFT. Norges Bank bought a new position in Euronet Worldwide in the 4th quarter worth about $53,072,000. Voss Capital LP grew its holdings in shares of Euronet Worldwide by 21.9% during the fourth quarter. Voss Capital LP now owns 630,000 shares of the business services provider's stock valued at $64,789,000 after buying an additional 113,236 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Euronet Worldwide by 59.0% during the fourth quarter. First Trust Advisors LP now owns 190,612 shares of the business services provider's stock worth $19,602,000 after purchasing an additional 70,719 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Euronet Worldwide by 57.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 175,027 shares of the business services provider's stock valued at $18,000,000 after acquiring an additional 63,785 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Euronet Worldwide by 28.7% during the fourth quarter. Renaissance Technologies LLC now owns 248,345 shares of the business services provider's stock valued at $25,540,000 after purchasing an additional 55,345 shares during the period. Hedge funds and other institutional investors own 91.60% of the company's stock.

Euronet Worldwide Trading Down 0.4%

NASDAQ EEFT traded down $0.47 during mid-day trading on Thursday, hitting $109.67. The company's stock had a trading volume of 119,512 shares, compared to its average volume of 353,301. The stock's fifty day simple moving average is $101.32 and its two-hundred day simple moving average is $101.55. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $117.66. The firm has a market capitalization of $4.74 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The company had revenue of $915.50 million during the quarter, compared to the consensus estimate of $908.93 million. During the same quarter in the previous year, the firm earned $1.28 EPS. The company's revenue was up 6.8% on a year-over-year basis. Research analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Insider Activity

In other news, CEO Michael J. Brown sold 95,000 shares of the business's stock in a transaction that occurred on 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 owns 1,418,966 shares in the company, valued at $142,875,686.54. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Needham & Company LLC cut their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Stephens restated an "overweight" rating and set a $130.00 price target on shares of Euronet Worldwide in a report on Friday, February 14th. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. StockNews.com cut Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Finally, Keefe, Bruyette & Woods cut their price objective on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Euronet Worldwide has an average rating of "Moderate Buy" and an average target price of $125.57.

Euronet Worldwide 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.