Vanguard Group Inc. Decreases Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Key Points

• Vanguard Group Inc. has reduced its stake in Euronet Worldwide by 1.3%, holding 4,138,437 shares valued at approximately $442 million.
• Recent analyst reports reflect mixed sentiments, with some firms lowering their price targets while others maintain or increase their "outperform" ratings for Euronet Worldwide.
• Euronet's stock has had a 12-month low of $85.24 and a high of $114.25, with a recent market capitalization of around $3.93 billion.

Vanguard Group Inc. cut its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 1.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,138,437 shares of the business services provider's stock after selling 53,911 shares during the period. Vanguard Group Inc. owned about 9.57% of Euronet Worldwide worth $442,192,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC raised its position in shares of Euronet Worldwide by 1.5% during the fourth quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider's stock worth $142,575,000 after purchasing an additional 20,805 shares during the period. Burgundy Asset Management Ltd. raised its position in Euronet Worldwide by 21.0% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider's stock valued at $112,743,000 after buying an additional 190,453 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Euronet Worldwide by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock valued at $84,512,000 after buying an additional 24,569 shares during the last quarter. Reinhart Partners LLC. raised its position 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 buying an additional 111,234 shares during the last quarter. Finally, New South Capital Management Inc. raised its position in Euronet Worldwide by 5.9% in the 1st quarter. New South Capital Management Inc. now owns 647,810 shares of the business services provider's stock valued at $69,218,000 after buying an additional 36,267 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on EEFT. Oppenheimer increased their price target on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Needham & Company LLC cut their price target 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. Keefe, Bruyette & Woods cut their price target 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. Finally, William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $123.83.

Euronet Worldwide Price Performance

Shares of EEFT stock traded down $0.62 on Friday, reaching $95.96. 1,011,628 shares of the company were exchanged, compared to its average volume of 742,997. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 0.77 and a beta of 1.25. The business has a 50-day moving average price of $101.73 and a 200 day moving average price of $102.18. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.15. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $114.25.

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

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.