Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. cut its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 76.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & 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 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EEFT. Xponance Inc. lifted its holdings in Euronet Worldwide by 3.6% during the 4th quarter. Xponance Inc. now owns 4,790 shares of the business services provider's stock valued at $493,000 after buying an additional 166 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Euronet Worldwide by 2.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider's stock valued at $768,000 after buying an additional 169 shares during the last quarter. Peapack Gladstone Financial Corp increased its stake in Euronet Worldwide by 8.8% during the 4th quarter. Peapack Gladstone Financial Corp now owns 2,228 shares of the business services provider's stock valued at $229,000 after purchasing an additional 181 shares in the last quarter. New York State Teachers Retirement System raised its stake in Euronet Worldwide by 0.8% in the 4th quarter. New York State Teachers Retirement System now owns 23,277 shares of the business services provider's stock worth $2,394,000 after acquiring an additional 196 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Euronet Worldwide by 26.1% in the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider's stock valued at $98,000 after buying an additional 205 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction 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 owns 1,418,966 shares of the company's stock, valued at $142,875,686.54. This represents a 6.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 11.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EEFT shares. StockNews.com lowered Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Needham & Company LLC dropped their price target on shares of 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 reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their price objective on 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. Finally, Stephens reaffirmed an "overweight" rating and set a $130.00 price target on shares of Euronet Worldwide in a report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Euronet Worldwide currently has an average rating of "Moderate Buy" and a consensus target price of $125.57.

Euronet Worldwide Stock Performance

Shares of NASDAQ:EEFT traded up $0.20 on Tuesday, reaching $111.07. The company's stock had a trading volume of 380,581 shares, compared to its average volume of 356,483. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $117.66. The stock's 50-day moving average is $101.90 and its two-hundred day moving average is $101.82. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. The stock has a market capitalization of $4.80 billion, a P/E ratio of 17.17, a PEG ratio of 0.78 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, meeting analysts' consensus estimates of $1.13. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The firm had revenue of $915.50 million for the quarter, compared to analyst estimates of $908.93 million. During the same period last year, the firm posted $1.28 EPS. Euronet Worldwide's quarterly revenue was up 6.8% on a year-over-year basis. As a group, sell-side analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS 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.