Bank of New York Mellon Corp Lowers Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Bank of New York Mellon Corp decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 9.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 368,465 shares of the business services provider's stock after selling 37,310 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.85% of Euronet Worldwide worth $39,370,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC raised its holdings in Euronet Worldwide by 9.3% in the first quarter. OneDigital Investment Advisors LLC now owns 5,713 shares of the business services provider's stock worth $610,000 after purchasing an additional 487 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Euronet Worldwide by 0.3% during the first quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider's stock valued at $10,155,000 after acquiring an additional 280 shares in the last quarter. New South Capital Management Inc. increased its holdings in shares of Euronet Worldwide by 5.9% during the first quarter. New South Capital Management Inc. now owns 647,810 shares of the business services provider's stock valued at $69,218,000 after acquiring an additional 36,267 shares in the last quarter. Lisanti Capital Growth LLC bought a new position in shares of Euronet Worldwide during the first quarter valued at $4,332,000. Finally, Illinois Municipal Retirement Fund increased its holdings in shares of Euronet Worldwide by 49.9% during the first quarter. Illinois Municipal Retirement Fund now owns 20,108 shares of the business services provider's stock valued at $2,149,000 after acquiring an additional 6,691 shares in the last quarter. Institutional investors own 91.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods reduced their price target on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a report on Friday, April 25th. Needham & Company LLC reduced their price target on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday, April 25th. William Blair restated an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Finally, Oppenheimer lifted their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.86.

Euronet Worldwide Stock Performance

NASDAQ EEFT traded down $1.40 during trading hours on Friday, hitting $99.67. The company's stock had a trading volume of 87,249 shares, compared to its average volume of 368,827. Euronet Worldwide, Inc. has a 12 month low of $85.24 and a 12 month high of $114.25. The company's 50 day simple moving average is $106.35 and its two-hundred day simple moving average is $102.38. The company has a market cap of $4.31 billion, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 0.74 and a beta of 1.23. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.60 and a quick ratio of 1.60.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.13. The business had revenue of $915.50 million for the quarter, compared to analysts' expectations of $908.93 million. Euronet Worldwide had a return on equity of 26.97% and a net margin of 7.88%. The business's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $1.28 earnings per share. As a group, sell-side analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

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.