Stephens Inc. AR trimmed its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 36.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,461 shares of the business services provider's stock after selling 11,313 shares during the period. Stephens Inc. AR's holdings in Euronet Worldwide were worth $2,079,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in Euronet Worldwide by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider's stock worth $10,155,000 after acquiring an additional 280 shares during the period. GAMMA Investing LLC raised its stake in shares of Euronet Worldwide by 99.9% in the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock valued at $204,000 after acquiring an additional 953 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Euronet Worldwide by 211.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider's stock valued at $213,000 after acquiring an additional 1,352 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Euronet Worldwide by 46.4% in the 1st quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider's stock valued at $504,000 after acquiring an additional 1,496 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Euronet Worldwide in the 1st quarter valued at approximately $1,400,000. 91.60% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have commented on EEFT. Keefe, Bruyette & Woods dropped their price target 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. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Oppenheimer increased 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. Finally, Needham & Company LLC lowered 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. Three 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $126.86.
Read Our Latest Research Report on Euronet Worldwide
Euronet Worldwide Stock Down 1.5%
EEFT traded down $1.56 during midday trading on Friday, reaching $99.50. 236,906 shares of the company were exchanged, compared to its average volume of 363,731. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.60 and a current ratio of 1.60. The company's fifty day moving average price is $106.17 and its 200 day moving average price is $102.35. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 0.74 and a beta of 1.23. 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 announced its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, hitting analysts' consensus estimates of $1.13. Euronet Worldwide had a return on equity of 26.97% and a net margin of 7.88%. The firm had revenue of $915.50 million for the quarter, compared to the consensus estimate of $908.93 million. During the same quarter in the previous year, the business earned $1.28 EPS. The company's revenue was up 6.8% compared to the same quarter last year. As a group, analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.
About Euronet Worldwide
(
Free Report)
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.
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