Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC cut its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 47.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,871 shares of the business services provider's stock after selling 45,938 shares during the period. Lazard Asset Management LLC owned 0.12% of Euronet Worldwide worth $5,230,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in shares of Euronet Worldwide by 0.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider's stock worth $340,955,000 after acquiring an additional 16,220 shares during the last quarter. Janus Henderson Group PLC grew 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 acquiring an additional 20,805 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Euronet Worldwide by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock worth $84,512,000 after acquiring an additional 24,569 shares during the last quarter. Wasatch Advisors LP grew its position in shares of Euronet Worldwide by 1.0% during the fourth quarter. Wasatch Advisors LP now owns 723,785 shares of the business services provider's stock worth $74,434,000 after acquiring an additional 7,246 shares during the last quarter. Finally, Voss Capital LP grew its position in shares of Euronet Worldwide by 21.9% during the fourth 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. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EEFT has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lowered their price objective on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Needham & Company LLC lowered their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. 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. StockNews.com lowered shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Three equities research 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, Euronet Worldwide presently has an average rating of "Moderate Buy" and a consensus price target of $125.57.

Euronet Worldwide Price Performance

Euronet Worldwide stock traded down $2.54 during midday trading on Wednesday, reaching $108.53. The company's stock had a trading volume of 63,092 shares, compared to its average volume of 356,224. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $117.66. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The stock's 50 day simple moving average is $102.10 and its 200 day simple moving average is $101.89. The firm has a market capitalization of $4.69 billion, a PE ratio of 16.76, a P/E/G ratio of 0.78 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.13. The business had revenue of $915.50 million during the quarter, compared to the consensus estimate of $908.93 million. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. The business's revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.28 EPS. On average, equities research analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Insider Transactions at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide 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 completion of the transaction, the chief executive officer now owns 1,418,966 shares of the company's stock, valued at $142,875,686.54. The trade was a 6.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 11.20% of the company's stock.

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.