Victory Capital Management Inc. trimmed its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 99.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 1.23% of Euronet Worldwide worth $56,663,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Aurora Investment Counsel grew its stake in shares of Euronet Worldwide by 2.0% in the 1st quarter. Aurora Investment Counsel now owns 13,460 shares of the business services provider's stock worth $1,438,000 after acquiring an additional 266 shares in the last quarter. CWM LLC boosted its position in shares of Euronet Worldwide by 242.9% in the first quarter. CWM LLC now owns 10,008 shares of the business services provider's stock valued at $1,069,000 after acquiring an additional 7,089 shares during the period. Cerity Partners LLC bought a new position in shares of Euronet Worldwide in the first quarter valued at approximately $981,000. Nisa Investment Advisors LLC boosted its position in shares of Euronet Worldwide by 794.9% in the first quarter. Nisa Investment Advisors LLC now owns 11,097 shares of the business services provider's stock valued at $1,186,000 after acquiring an additional 9,857 shares during the period. Finally, Penserra Capital Management LLC lifted its position in Euronet Worldwide by 1.8% during the first quarter. Penserra Capital Management LLC now owns 67,678 shares of the business services provider's stock valued at $7,231,000 after purchasing an additional 1,184 shares during the last quarter. 91.60% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on EEFT shares. Needham & Company LLC reduced their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Oppenheimer upped their target price on shares of Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. William Blair restated an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research report on Friday, April 25th. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $126.86.
Read Our Latest Stock Report on EEFT
Euronet Worldwide Price Performance
Shares of Euronet Worldwide stock traded down $1.56 during trading on Friday, reaching $99.50. The company's stock had a trading volume of 236,906 shares, compared to its average volume of 363,731. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.46. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $114.25. The company has a market capitalization of $4.30 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 0.74 and a beta of 1.23. The business has a 50 day moving average price of $106.17 and a 200-day moving average price of $102.35.
Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. The firm had revenue of $915.50 million for the quarter, compared to the consensus estimate of $908.93 million. Euronet Worldwide had a return on equity of 26.97% and a net margin of 7.88%. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.28 earnings per share. As a group, sell-side analysts anticipate 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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