Envestnet Asset Management Inc. Sells 20,054 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Envestnet Asset Management Inc. reduced its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 25.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,107 shares of the business services provider's stock after selling 20,054 shares during the period. Envestnet Asset Management Inc. owned approximately 0.14% of Euronet Worldwide worth $6,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Janus Henderson Group PLC grew its holdings in shares of Euronet Worldwide by 1.5% in the 4th quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider's stock worth $142,575,000 after purchasing an additional 20,805 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of Euronet Worldwide by 21.0% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider's stock valued at $112,743,000 after purchasing an additional 190,453 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Euronet Worldwide by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock worth $84,512,000 after acquiring an additional 24,569 shares in the last quarter. Reinhart Partners LLC. lifted its position in Euronet Worldwide by 17.7% during the 1st quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider's stock worth $78,896,000 after buying an additional 111,234 shares in the last quarter. Finally, Wasatch Advisors LP raised its holdings in Euronet Worldwide by 1.0% during the fourth quarter. Wasatch Advisors LP now owns 723,785 shares of the business services provider's stock worth $74,434,000 after acquiring an additional 7,246 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Stock Up 0.0%

Shares of EEFT stock traded up $0.03 on Friday, reaching $103.78. 246,146 shares of the company were exchanged, compared to its average volume of 329,151. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 0.77 and a beta of 1.23. The company has a 50-day moving average of $105.50 and a 200-day moving average of $102.46. 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, Inc. has a one year low of $85.24 and a one year high of $114.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, meeting analysts' consensus estimates of $1.13. Euronet Worldwide had a net margin of 7.88% and a return on equity of 26.97%. The firm had revenue of $915.50 million for the quarter, compared to analyst estimates of $908.93 million. During the same period last year, the firm earned $1.28 earnings per share. The business's quarterly revenue was up 6.8% compared to the same quarter last year. Analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

EEFT has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Oppenheimer raised their target price on shares of Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Needham & Company LLC lowered their target price on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, William Blair restated an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $123.83.

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.