Rice Hall James & Associates LLC reduced its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 322,572 shares of the business services provider's stock after selling 2,830 shares during the period. Euronet Worldwide makes up 2.0% of Rice Hall James & Associates LLC's investment portfolio, making the stock its 9th largest holding. Rice Hall James & Associates LLC owned about 0.75% of Euronet Worldwide worth $34,467,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in Euronet Worldwide during the 4th quarter valued at $28,000. UMB Bank n.a. lifted its stake in 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 acquiring an additional 216 shares in the last quarter. Covestor Ltd lifted its stake in 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 acquiring an additional 207 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its stake in 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 acquiring an additional 762 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in 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 acquiring an additional 709 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts have weighed in on EEFT shares. Oppenheimer raised their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Needham & Company LLC dropped their price objective 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. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lowered their target price on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research note on Friday, April 25th. Three 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $126.86.
View Our Latest Stock Analysis on EEFT
Euronet Worldwide Stock Performance
Shares of NASDAQ EEFT traded up $1.04 during mid-day trading on Thursday, reaching $101.06. 356,716 shares of the company's stock were exchanged, compared to its average volume of 369,927. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 0.74 and a beta of 1.23. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $114.25. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a 50-day moving average price of $106.35 and a two-hundred day moving average price of $102.38.
Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, hitting the consensus estimate 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 analyst estimates of $908.93 million. During the same quarter last year, the firm posted $1.28 EPS. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. Analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.
About Euronet Worldwide
(
Free Report)
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.
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