Vanguard Group Inc. Lowers Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Vanguard Group Inc. trimmed its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 5.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,202,098 shares of the business services provider’s stock after selling 259,823 shares during the period. Vanguard Group Inc. owned approximately 0.09% of Euronet Worldwide worth $426,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EEFT. Signaturefd LLC grew its position in Euronet Worldwide by 189.9% in the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock valued at $26,000 after buying an additional 169 shares during the last quarter. VisionPoint Advisory Group LLC grew its position 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 valued at $27,000 after buying an additional 171 shares during the last quarter. GAMMA Investing LLC purchased a new position in Euronet Worldwide in the 4th quarter valued at $30,000. Quadrant Capital Group LLC grew its position in Euronet Worldwide by 242.7% in the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after buying an additional 250 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in Euronet Worldwide by 26.4% in the 4th quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock valued at $51,000 after buying an additional 105 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on EEFT shares. Needham & Company LLC lifted their price objective on shares of Euronet Worldwide from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Citigroup raised their target price on Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Monness Crespi & Hardt began coverage on Euronet Worldwide in a report on Wednesday, March 20th. They issued a “buy” rating and a $140.00 target price for the company. Wolfe Research raised Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a report on Friday, May 17th. Finally, William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.56.

Euronet Worldwide Trading Down 1.2 %

NASDAQ:EEFT opened at $106.43 on Thursday. The company has a market capitalization of $4.88 billion, a PE ratio of 18.74 and a beta of 1.47. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.01. Euronet Worldwide, Inc. has a 52-week low of $73.84 and a 52-week high of $121.06. The stock has a fifty day simple moving average of $110.43 and a 200-day simple moving average of $106.27.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Tuesday, April 30th. The business services provider reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.25. Euronet Worldwide had a net margin of 7.63% and a return on equity of 26.71%. The firm had revenue of $857.00 million during the quarter, compared to the consensus estimate of $837.85 million. On average, equities research analysts expect that Euronet Worldwide, Inc. will post 7.82 earnings per share for the current fiscal 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.