Rice Hall James & Associates LLC Cuts Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Rice Hall James & Associates LLC reduced its holdings 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 SEC. The fund owned 322,572 shares of the business services provider's stock after selling 2,830 shares during the quarter. Euronet Worldwide comprises 2.0% of Rice Hall James & Associates LLC's investment portfolio, making the stock its 9th largest position. Rice Hall James & Associates LLC owned approximately 0.75% of Euronet Worldwide worth $34,467,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in shares of Euronet Worldwide in the 4th quarter valued at approximately $28,000. UMB Bank n.a. lifted its stake in shares of Euronet Worldwide by 92.3% in the 1st quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock valued at $48,000 after purchasing an additional 216 shares during the period. Covestor Ltd lifted its stake in shares of Euronet Worldwide by 40.9% in the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider's stock valued at $73,000 after purchasing an additional 207 shares during the period. Aster Capital Management DIFC Ltd lifted its stake in shares of Euronet Worldwide by 15,240.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock valued at $79,000 after purchasing an additional 762 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of Euronet Worldwide by 485.6% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after purchasing an additional 709 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Stock Down 4.3%

Shares of NASDAQ:EEFT opened at $102.71 on Monday. The stock has a fifty day simple moving average of $106.72 and a two-hundred day simple moving average of $102.43. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 0.76 and a beta of 1.23. 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.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $1.13. Euronet Worldwide had a return on equity of 26.97% and a net margin of 7.88%. The business 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 business earned $1.28 earnings per share. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. On average, research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EEFT. Needham & Company LLC lowered their target price on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, April 25th. William Blair restated an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Oppenheimer raised their target price on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods lowered their target price on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company 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 company. Based on data from MarketBeat.com, Euronet Worldwide has a consensus rating of "Moderate Buy" and a consensus target price of $126.86.

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.

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