Euronet Worldwide, Inc. (NASDAQ:EEFT) Stake Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 99.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 530,306 shares of the business services provider's stock after selling 52,918,559 shares during the quarter. Victory Capital Management Inc. owned approximately 1.23% of Euronet Worldwide worth $56,663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. UMB Bank n.a. increased its position in Euronet Worldwide by 92.3% during the first 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. Covestor Ltd boosted its holdings in shares of Euronet Worldwide by 40.9% during the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider's stock worth $73,000 after acquiring an additional 207 shares during the period. Aster Capital Management DIFC Ltd boosted its holdings in shares of Euronet Worldwide by 15,240.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock worth $79,000 after acquiring an additional 762 shares during the period. Versant Capital Management Inc bought a new stake in shares of Euronet Worldwide during the first quarter worth approximately $97,000. Finally, LRI Investments LLC boosted its holdings in shares of Euronet Worldwide by 65.0% during the fourth quarter. LRI Investments LLC now owns 1,536 shares of the business services provider's stock worth $158,000 after acquiring an additional 605 shares during the period. Institutional investors and hedge funds own 91.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their price target on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Needham & Company LLC lowered their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday, April 25th. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Finally, Oppenheimer upped their price target 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. 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. Based on data from MarketBeat, Euronet Worldwide presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.86.

Euronet Worldwide Stock Up 2.8%

NASDAQ EEFT traded up $2.85 during trading hours on Tuesday, hitting $103.87. The company's stock had a trading volume of 303,883 shares, compared to its average volume of 363,685. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $114.25. The company has a market capitalization of $4.49 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.46. The company's 50-day simple moving average is $105.84 and its two-hundred day simple moving average is $102.36.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $908.93 million. During the same quarter last year, the business posted $1.28 EPS. The company's revenue for the quarter was up 6.8% on a year-over-year basis. Research analysts anticipate 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.