Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC reduced its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 72.3% in the 1st quarter, according to its most recent filing with the SEC. The firm 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 reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EEFT. UMB Bank n.a. grew its stake in shares of Euronet Worldwide by 92.3% during the 1st 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 grew its stake in shares of Euronet Worldwide by 40.9% during the 4th 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 grew its stake in shares of Euronet Worldwide by 15,240.0% during the 4th 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 grew its stake in shares of Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after buying an additional 709 shares during the period. Finally, Versant Capital Management Inc purchased a new stake in shares of Euronet Worldwide during the 1st quarter valued at $97,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Down 0.4%

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 372,092. The company's 50-day moving average is $105.19 and its two-hundred day moving average is $102.38. 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 52-week low of $85.24 and a 52-week high of $114.25. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 0.76 and a beta of 1.27.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings results 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 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 analysts' expectations of $908.93 million. During the same period in the prior year, the company earned $1.28 EPS. The firm's revenue was up 6.8% on a year-over-year basis. On average, analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Needham & Company LLC lowered their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Keefe, Bruyette & Woods decreased 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. Finally, William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Euronet Worldwide has an average rating of "Moderate Buy" and an average target price of $125.57.

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.