Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC trimmed its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 1.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 271,917 shares of the business services provider's stock after selling 5,170 shares during the quarter. Euronet Worldwide makes up 2.8% of Villere ST Denis J & Co. LLC's investment portfolio, making the stock its 16th largest position. Villere ST Denis J & Co. LLC owned approximately 0.63% of Euronet Worldwide worth $29,054,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Ieq Capital LLC purchased a new stake in Euronet Worldwide during the fourth quarter worth approximately $354,000. Handelsbanken Fonder AB lifted its position in shares of Euronet Worldwide by 15.3% during the 4th quarter. Handelsbanken Fonder AB now owns 11,330 shares of the business services provider's stock worth $1,165,000 after buying an additional 1,500 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Euronet Worldwide by 67.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 13,417 shares of the business services provider's stock valued at $1,380,000 after buying an additional 5,413 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Euronet Worldwide in the 4th quarter valued at $28,000. Finally, Hahn Capital Management LLC raised its stake in Euronet Worldwide by 48.0% during the 4th quarter. Hahn Capital Management LLC now owns 105,278 shares of the business services provider's stock worth $10,827,000 after acquiring an additional 34,152 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EEFT shares. William Blair restated an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Keefe, Bruyette & Woods decreased their target price on 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. Finally, Needham & Company LLC dropped their price target 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 research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Euronet Worldwide currently has an average rating of "Moderate Buy" and an average price target of $125.57.

Euronet Worldwide Stock Performance

Shares of EEFT traded up $2.61 during mid-day trading on Tuesday, hitting $103.99. 651,669 shares of the company's stock were exchanged, compared to its average volume of 373,290. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.46. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $114.25. The business's 50 day moving average is $105.38 and its two-hundred day moving average is $102.36. The firm has a market capitalization of $4.50 billion, a P/E ratio of 15.41, a P/E/G ratio of 0.76 and a beta of 1.27.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $915.50 million during the quarter, compared to analysts' expectations of $908.93 million. During the same period last year, the firm earned $1.28 EPS. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

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.