US Bancorp DE Sells 15,252 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Key Points

• US Bancorp DE sold 15,252 shares of Euronet Worldwide, reducing its stake by 76.5% and owning a total of 4,698 shares valued at approximately $502,000.
• Euronet Worldwide's stock is currently trading at $94.96, up 2.5%, and analysts expect the company to achieve an average earnings per share of 9.11 for the current fiscal year.
• The company posted a quarterly earnings miss, reporting an EPS of $2.56, which fell short of the estimated $2.66, despite revenue growth of 8.9% year-over-year.

US Bancorp DE reduced its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 76.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,698 shares of the business services provider's stock after selling 15,252 shares during the quarter. US Bancorp DE's holdings in Euronet Worldwide were worth $502,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EEFT. GAMMA Investing LLC raised its stake in shares of Euronet Worldwide by 21,258.8% during the 1st quarter. GAMMA Investing LLC now owns 203,763 shares of the business services provider's stock worth $21,772,000 after purchasing an additional 202,809 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in shares of Euronet Worldwide by 21.0% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider's stock worth $112,743,000 after purchasing an additional 190,453 shares in the last quarter. Voss Capital LP increased its holdings in shares of Euronet Worldwide by 21.9% during the 4th quarter. Voss Capital LP now owns 630,000 shares of the business services provider's stock worth $64,789,000 after acquiring an additional 113,236 shares during the last quarter. Reinhart Partners LLC. raised its stake in Euronet Worldwide by 17.7% in the 1st quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider's stock valued at $78,896,000 after acquiring an additional 111,234 shares during the period. Finally, Millennium Management LLC raised its stake in Euronet Worldwide by 45.7% in the 4th quarter. Millennium Management LLC now owns 302,967 shares of the business services provider's stock valued at $31,157,000 after acquiring an additional 95,091 shares during the period. Institutional investors own 91.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Needham & Company LLC dropped their price target 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. 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. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Finally, Oppenheimer increased their target price on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Three investment 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 company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $123.83.

Euronet Worldwide Stock Down 0.6%

Shares of NASDAQ:EEFT traded down $0.62 during mid-day trading on Friday, hitting $95.96. 1,011,628 shares of the company traded hands, compared to its average volume of 467,308. The stock has a 50-day moving average price of $102.04 and a two-hundred day moving average price of $102.14. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.74. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $114.25. The stock has a market cap of $3.93 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.78 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.66 by ($0.10). Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm earned $2.25 earnings per share. The business's quarterly revenue was up 8.9% compared to the same quarter last year. On average, equities research analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

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.