Kavar Capital Partners Group LLC Sells 18,018 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Kavar Capital Partners Group LLC decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 72.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,900 shares of the business services provider's stock after selling 18,018 shares during the period. Kavar Capital Partners Group LLC's holdings in Euronet Worldwide were worth $737,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in Euronet Worldwide by 92.3% in the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock valued at $48,000 after buying an additional 216 shares during the period. Covestor Ltd lifted its stake in Euronet Worldwide by 40.9% in the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider's stock valued at $73,000 after buying an additional 207 shares during the period. Aster Capital Management DIFC Ltd lifted its stake in Euronet Worldwide by 15,240.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock valued at $79,000 after buying an additional 762 shares during the period. Jones Financial Companies Lllp raised its position in shares of Euronet Worldwide by 485.6% during the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock worth $88,000 after purchasing an additional 709 shares during the period. Finally, Versant Capital Management Inc acquired a new stake in shares of Euronet Worldwide during the first quarter worth about $97,000. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock traded down $0.44 during trading on Friday, reaching $101.84. 390,628 shares of the company's stock were exchanged, compared to its average volume of 375,357. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.60 and a current ratio of 1.60. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $114.25. The company has a market cap of $4.40 billion, a P/E ratio of 15.09, a PEG ratio of 0.76 and a beta of 1.27. The firm's 50-day moving average price is $105.19 and its 200 day moving average price is $102.40.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS 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 quarter in the previous year, the firm earned $1.28 EPS. Euronet Worldwide's revenue was up 6.8% on a year-over-year basis. As a group, research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EEFT has been the topic of a number of research analyst reports. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Needham & Company LLC dropped their target price on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Keefe, Bruyette & Woods dropped their target price 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. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $125.57.

Euronet Worldwide Company 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.