Bessemer Group Inc. Sells 19,945 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Bessemer Group Inc. trimmed its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 68.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,156 shares of the business services provider's stock after selling 19,945 shares during the period. Bessemer Group Inc.'s holdings in Euronet Worldwide were worth $978,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EEFT. Proficio Capital Partners LLC purchased a new stake in shares of Euronet Worldwide in the fourth quarter worth $28,000. UMB Bank n.a. grew its stake in shares of Euronet Worldwide by 92.3% in the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock worth $48,000 after acquiring an additional 216 shares during the last quarter. Covestor Ltd grew its stake in shares of Euronet Worldwide by 40.9% in the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider's stock worth $73,000 after acquiring an additional 207 shares during the last quarter. Aster Capital Management DIFC Ltd grew its stake in shares of Euronet Worldwide by 15,240.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock worth $79,000 after acquiring an additional 762 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Euronet Worldwide by 485.6% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock worth $88,000 after acquiring an additional 709 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock traded up $1.64 during trading hours on Friday, reaching $106.94. 265,013 shares of the stock traded hands, compared to its average volume of 372,938. Euronet Worldwide, Inc. has a one year low of $85.24 and a one year high of $114.25. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 0.79 and a beta of 1.23. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.46. The company has a 50 day moving average price of $106.10 and a 200 day moving average price of $102.40.

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, meeting the consensus estimate of $1.13. Euronet Worldwide had a net margin of 7.88% and a return on equity of 26.97%. The company had revenue of $915.50 million during the quarter, compared to analyst estimates of $908.93 million. During the same period in the previous year, the business posted $1.28 earnings per share. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EEFT has been the topic of a number of recent research reports. Needham & Company LLC cut their target price on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Keefe, Bruyette & Woods cut their target price on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research note on Friday, April 25th. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Finally, Oppenheimer increased their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.86.

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.