Nuveen Asset Management LLC Sells 14,861 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Nuveen Asset Management LLC decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,513 shares of the business services provider's stock after selling 14,861 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.21% of Euronet Worldwide worth $9,411,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EEFT. Xponance Inc. increased its stake in shares of Euronet Worldwide by 3.6% in the 4th quarter. Xponance Inc. now owns 4,790 shares of the business services provider's stock worth $493,000 after acquiring an additional 166 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Euronet Worldwide by 2.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider's stock worth $768,000 after purchasing an additional 169 shares during the period. Peapack Gladstone Financial Corp grew its holdings in Euronet Worldwide by 8.8% in the fourth quarter. Peapack Gladstone Financial Corp now owns 2,228 shares of the business services provider's stock worth $229,000 after purchasing an additional 181 shares during the period. New York State Teachers Retirement System increased its stake in shares of Euronet Worldwide by 0.8% during the fourth quarter. New York State Teachers Retirement System now owns 23,277 shares of the business services provider's stock valued at $2,394,000 after purchasing an additional 196 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Euronet Worldwide by 26.1% during the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider's stock valued at $98,000 after purchasing an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Insider Activity at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the completion of the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This represents 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. 11.20% of the stock is owned by insiders.

Euronet Worldwide Stock Performance

Shares of NASDAQ:EEFT traded down $0.49 during midday trading on Friday, reaching $107.75. 561,910 shares of the company's stock traded hands, compared to its average volume of 363,099. 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 $117.66. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 0.78 and a beta of 1.25. The stock has a 50 day moving average of $102.11 and a 200 day moving average of $102.12.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted 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 7.69% and a return on equity of 27.74%. The business had revenue of $915.50 million for the quarter, compared to analysts' expectations of $908.93 million. During the same quarter in the prior year, the business earned $1.28 EPS. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wall Street Zen lowered Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Needham & Company LLC lowered their price target 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 reiterated an "overweight" rating and issued a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, February 14th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of 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. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $125.57.

About Euronet Worldwide

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.