Stephens Inc. AR Sells 11,313 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Stephens Inc. AR reduced its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 36.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,461 shares of the business services provider's stock after selling 11,313 shares during the quarter. Stephens Inc. AR's holdings in Euronet Worldwide were worth $2,079,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EEFT. Cerity Partners LLC bought a new position in shares of Euronet Worldwide during the first quarter worth approximately $981,000. Nisa Investment Advisors LLC increased its position in Euronet Worldwide by 794.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 11,097 shares of the business services provider's stock worth $1,186,000 after buying an additional 9,857 shares during the period. Penserra Capital Management LLC increased its position in Euronet Worldwide by 1.8% during the 1st quarter. Penserra Capital Management LLC now owns 67,678 shares of the business services provider's stock worth $7,231,000 after buying an additional 1,184 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in shares of Euronet Worldwide by 9.3% during the first quarter. OneDigital Investment Advisors LLC now owns 5,713 shares of the business services provider's stock worth $610,000 after buying an additional 487 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Euronet Worldwide by 0.3% in the first quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider's stock valued at $10,155,000 after acquiring an additional 280 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Price Performance

NASDAQ:EEFT traded down $1.56 during mid-day trading on Friday, reaching $99.50. The stock had a trading volume of 236,906 shares, compared to its average volume of 369,397. Euronet Worldwide, Inc. has a 12 month low of $85.24 and a 12 month high of $114.25. The stock has a market capitalization of $4.30 billion, a PE ratio of 14.74, a P/E/G ratio of 0.74 and a beta of 1.23. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a 50-day simple moving average of $106.35 and a two-hundred day simple moving average of $102.38.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly 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 return on equity of 26.97% and a net margin of 7.88%. The company had revenue of $915.50 million for the quarter, compared to analyst estimates of $908.93 million. During the same quarter last year, the company posted $1.28 EPS. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods decreased 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 research note on Friday, April 25th. 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. Oppenheimer lifted their price target on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Finally, William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Three equities research 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $126.86.

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.