KBC Group NV Sells 99,933 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

KBC Group NV cut its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 98.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

Other large investors also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its position in shares of Euronet Worldwide by 2.5% during the 1st quarter. State of Alaska Department of Revenue now owns 4,833 shares of the business services provider's stock valued at $516,000 after purchasing an additional 120 shares during the period. Fifth Third Bancorp raised its position in shares of Euronet Worldwide by 6.8% during the 1st quarter. Fifth Third Bancorp now owns 1,929 shares of the business services provider's stock valued at $206,000 after purchasing an additional 123 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Euronet Worldwide by 4.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,492 shares of the business services provider's stock valued at $373,000 after purchasing an additional 147 shares during the period. Xponance Inc. raised its position in shares of Euronet Worldwide by 3.6% during the 4th quarter. Xponance Inc. now owns 4,790 shares of the business services provider's stock valued at $493,000 after purchasing an additional 166 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Euronet Worldwide by 2.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider's stock valued at $768,000 after purchasing an additional 169 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Needham & Company LLC reduced their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, April 25th. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Oppenheimer lifted their price target on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. 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 on the stock in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $126.86.

Euronet Worldwide Trading Down 1.5%

Shares of EEFT stock traded down $1.63 during trading hours on Wednesday, reaching $105.18. 136,456 shares of the stock were exchanged, compared to its average volume of 370,589. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $114.25. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.46. The company's 50-day moving average price is $106.37 and its 200-day moving average price is $102.45. The firm has a market capitalization of $4.55 billion, a price-to-earnings ratio of 15.54, a price-to-earnings-growth ratio of 0.78 and a beta of 1.23.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released 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 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 previous year, the company earned $1.28 EPS. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

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.