Jefferies Financial Group Inc. Sells 13,763 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Jefferies Financial Group Inc. trimmed its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 76.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,237 shares of the business services provider's stock after selling 13,763 shares during the period. Jefferies Financial Group Inc.'s holdings in Euronet Worldwide were worth $436,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new stake in Euronet Worldwide during the fourth quarter valued at about $53,072,000. Voss Capital LP increased its position 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 valued at $64,789,000 after purchasing an additional 113,236 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Euronet Worldwide by 59.0% during the 4th quarter. First Trust Advisors LP now owns 190,612 shares of the business services provider's stock valued at $19,602,000 after buying an additional 70,719 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Euronet Worldwide by 57.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 175,027 shares of the business services provider's stock valued at $18,000,000 after buying an additional 63,785 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Euronet Worldwide by 28.7% in the 4th quarter. Renaissance Technologies LLC now owns 248,345 shares of the business services provider's stock worth $25,540,000 after buying an additional 55,345 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Michael J. Brown sold 95,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the transaction, the chief executive officer now directly owns 1,418,966 shares of the company's stock, valued at approximately $142,875,686.54. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.20% of the company's stock.

Analyst Upgrades and Downgrades

EEFT has been the topic of a number of recent research reports. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Keefe, Bruyette & Woods cut 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 note on Friday, April 25th. Needham & Company LLC reduced their target price 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. Wall Street Zen downgraded shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, Stephens restated an "overweight" rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $125.57.

Euronet Worldwide Trading Down 0.4%

Shares of NASDAQ EEFT traded down $0.48 during mid-day trading on Thursday, hitting $105.97. The stock had a trading volume of 42,791 shares, compared to its average volume of 428,943. The business has a 50 day moving average price of $102.18 and a two-hundred day moving average price of $101.92. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $117.66. The firm has a market cap of $4.58 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25. 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 (NASDAQ:EEFT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, hitting analysts' consensus estimates of $1.13. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The company had revenue of $915.50 million during the quarter, compared to analyst estimates of $908.93 million. During the same period in the prior year, the business posted $1.28 earnings per share. Euronet Worldwide's revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Euronet Worldwide Company 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.