Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 36.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,251 shares of the business services provider's stock after selling 22,694 shares during the period. Mutual of America Capital Management LLC owned 0.09% of Euronet Worldwide worth $4,085,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EEFT. M&T Bank Corp lifted its position in Euronet Worldwide by 3.8% during the third quarter. M&T Bank Corp now owns 3,807 shares of the business services provider's stock valued at $303,000 after purchasing an additional 141 shares in the last quarter. Belpointe Asset Management LLC grew its stake in shares of Euronet Worldwide by 236.9% during the 1st quarter. Belpointe Asset Management LLC now owns 219 shares of the business services provider's stock valued at $25,000 after acquiring an additional 154 shares during the period. Vident Investment Advisory LLC grew its stake in shares of Euronet Worldwide by 3.6% during the 1st quarter. Vident Investment Advisory LLC now owns 4,828 shares of the business services provider's stock valued at $628,000 after acquiring an additional 169 shares during the period. VisionPoint Advisory Group LLC increased its holdings in Euronet Worldwide by 101.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider's stock worth $27,000 after acquiring an additional 171 shares in the last quarter. Finally, SkyView Investment Advisors LLC raised its stake in Euronet Worldwide by 5.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 3,572 shares of the business services provider's stock worth $283,000 after acquiring an additional 186 shares during the period. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Stock Down 0.4 %

Euronet Worldwide stock traded down $0.39 during mid-day trading on Wednesday, hitting $101.22. The company had a trading volume of 138,578 shares, compared to its average volume of 274,502. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.37. Euronet Worldwide, Inc. has a 1 year low of $73.84 and a 1 year high of $121.55. The business has a fifty day moving average of $107.92 and a 200 day moving average of $96.18. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 18.45 and a beta of 1.39.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its earnings results on Wednesday, February 7th. The business services provider reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.34. The firm had revenue of $957.70 million for the quarter, compared to the consensus estimate of $844.59 million. Euronet Worldwide had a net margin of 7.63% and a return on equity of 25.23%. The company's revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $1.12 EPS. On average, sell-side analysts expect that Euronet Worldwide, Inc. will post 7.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EEFT shares. DA Davidson reiterated a "buy" rating and set a $126.00 price objective on shares of Euronet Worldwide in a research note on Monday. Evercore ISI lifted their price target on shares of Euronet Worldwide from $118.00 to $135.00 and gave the company an "outperform" rating in a research report on Tuesday, March 26th. StockNews.com upgraded Euronet Worldwide from a "hold" rating to a "buy" rating in a report on Thursday, February 15th. Monness Crespi & Hardt assumed coverage on shares of Euronet Worldwide in a research report on Wednesday, March 20th. They issued a "buy" rating and a $140.00 price target for the company. Finally, Needham & Company LLC boosted their target price on Euronet Worldwide from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $117.38.

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.