Charles Schwab Investment Management Inc. Has $54.73 Million Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Charles Schwab Investment Management Inc. trimmed its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 539,248 shares of the business services provider's stock after selling 11,085 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.17% of Euronet Worldwide worth $54,728,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. New York State Teachers Retirement System lifted its stake in Euronet Worldwide by 26.2% during the third quarter. New York State Teachers Retirement System now owns 20,376 shares of the business services provider's stock valued at $1,617,000 after purchasing an additional 4,235 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Euronet Worldwide by 3.8% in the 3rd quarter. M&T Bank Corp now owns 3,807 shares of the business services provider's stock worth $303,000 after acquiring an additional 141 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of Euronet Worldwide during the third quarter worth $521,000. Kavar Capital Partners Group LLC boosted its position in shares of Euronet Worldwide by 10.2% in the 3rd quarter. Kavar Capital Partners Group LLC now owns 32,906 shares of the business services provider's stock valued at $2,612,000 after purchasing an additional 3,045 shares during the period. Finally, Versor Investments LP raised its holdings in Euronet Worldwide by 187.4% during the 3rd quarter. Versor Investments LP now owns 11,023 shares of the business services provider's stock worth $875,000 after buying an additional 7,187 shares during the period. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Stock Up 0.2 %

Euronet Worldwide stock traded up $0.22 during mid-day trading on Friday, hitting $115.49. 218,011 shares of the company's stock were exchanged, compared to its average volume of 278,656. Euronet Worldwide, Inc. has a 1-year low of $73.84 and a 1-year high of $121.55. The stock has a 50 day moving average of $108.14 and a two-hundred day moving average of $100.61. The stock has a market cap of $5.30 billion, a P/E ratio of 20.31 and a beta of 1.39. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.01.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EEFT shares. Monness Crespi & Hardt started coverage on shares of Euronet Worldwide in a report on Wednesday, March 20th. They set a "buy" rating and a $140.00 price target on the stock. Stephens raised Euronet Worldwide from an "equal weight" rating to an "overweight" rating and set a $120.00 price target on the stock in a research report on Thursday, February 1st. Citigroup raised Euronet Worldwide from a "neutral" rating to a "buy" rating and lifted their target price for the company from $116.00 to $120.00 in a research note on Monday, April 22nd. Wolfe Research upgraded shares of Euronet Worldwide from an "underperform" rating to a "peer perform" rating in a report on Friday. Finally, Needham & Company LLC increased their target price on shares of Euronet Worldwide from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $121.89.

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.