KBC Group NV Has $210,000 Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

KBC Group NV reduced its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 98.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,966 shares of the business services provider's stock after selling 99,933 shares during the period. KBC Group NV's holdings in Euronet Worldwide were worth $210,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. grew 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 in the last quarter. Covestor Ltd grew its position in 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 buying an additional 207 shares in the last quarter. Aster Capital Management DIFC Ltd grew its position in 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 buying an additional 762 shares in the last quarter. Jones Financial Companies Lllp grew its position in 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 buying an additional 709 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new stake in Euronet Worldwide during the first quarter worth about $97,000. 91.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EEFT shares. Needham & Company LLC decreased 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. Keefe, Bruyette & Woods decreased their price objective on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Oppenheimer lifted their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Euronet Worldwide currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.86.

Euronet Worldwide Price Performance

Euronet Worldwide stock traded up $0.29 during mid-day trading on Thursday, reaching $107.37. The company had a trading volume of 242,645 shares, compared to its average volume of 431,781. The company has a market cap of $4.64 billion, a P/E ratio of 15.91, a P/E/G ratio of 0.79 and a beta of 1.23. The business has a fifty day simple moving average of $106.53 and a 200 day simple moving average of $102.48. 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.

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