UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 97.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,466 shares of the business services provider's stock after selling 3,978,325 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.27% of Euronet Worldwide worth $11,977,000 as of its most recent SEC filing.

Other hedge funds 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 about $28,000. R Squared Ltd bought a new position in shares of Euronet Worldwide in the fourth quarter valued at approximately $58,000. Covestor Ltd boosted its holdings 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 worth $73,000 after acquiring an additional 207 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its holdings 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 worth $79,000 after acquiring an additional 762 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position 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 worth $88,000 after acquiring an additional 709 shares during the last quarter. Institutional investors own 91.60% of the company's stock.

Analysts Set New Price Targets

EEFT has been the topic of a number of research analyst reports. Needham & Company LLC decreased their price objective 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. Keefe, Bruyette & Woods dropped their price objective 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. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Stephens reiterated an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, February 14th. Finally, Wall Street Zen downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Three investment 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, Euronet Worldwide currently has a consensus rating of "Moderate Buy" and an average price target of $125.57.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT traded up $1.50 during trading hours on Wednesday, reaching $109.43. 483,466 shares of the stock were exchanged, compared to its average volume of 365,121. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 0.78 and a beta of 1.27. The stock's fifty day simple moving average is $102.08 and its 200 day simple moving average is $102.25. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $116.32.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, hitting the consensus estimate of $1.13. The company had revenue of $915.50 million for the quarter, compared to analysts' expectations of $908.93 million. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The business's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $1.28 earnings per share. Sell-side analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Insider Activity at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the transaction, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. This trade represents a 6.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.20% of the stock is currently owned by insiders.

About Euronet Worldwide

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.