CX Institutional Sells 12,188 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

CX Institutional cut its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 27.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,876 shares of the business services provider's stock after selling 12,188 shares during the quarter. CX Institutional owned 0.07% of Euronet Worldwide worth $3,406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. SG Americas Securities LLC lifted its holdings in Euronet Worldwide by 46.4% during the 1st quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider's stock worth $504,000 after buying an additional 1,496 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Euronet Worldwide by 99.9% during the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock worth $204,000 after buying an additional 953 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Euronet Worldwide by 23.4% during the 1st quarter. Harbor Capital Advisors Inc. now owns 71,247 shares of the business services provider's stock worth $7,613,000 after buying an additional 13,522 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in Euronet Worldwide during the 1st quarter worth about $377,000. Finally, UMB Bank n.a. lifted its holdings in Euronet Worldwide by 92.3% during the 1st quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock worth $48,000 after buying an additional 216 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EEFT has been the topic of a number of research analyst reports. 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 report on Friday, April 25th. 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 report on Friday, April 25th. Wall Street Zen cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $125.57.

Euronet Worldwide Stock Down 3.9%

Shares of EEFT stock traded down $4.39 during trading hours on Friday, hitting $107.73. 417,473 shares of the company were exchanged, compared to its average volume of 371,931. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. Euronet Worldwide, Inc. has a one year low of $85.24 and a one year high of $114.25. The business's 50-day simple moving average is $103.73 and its two-hundred day simple moving average is $102.56. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 0.78 and a beta of 1.27.

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

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.