Hennion & Walsh Asset Management Inc. Sells 135 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Hennion & Walsh Asset Management Inc. cut its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 5,612 shares of the business services provider’s stock after selling 135 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Euronet Worldwide were worth $617,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. First Horizon Advisors Inc. lifted its stake in Euronet Worldwide by 26.4% during the 4th quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 105 shares in the last quarter. Signaturefd LLC lifted its stake in Euronet Worldwide by 189.9% during the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 169 shares in the last quarter. VisionPoint Advisory Group LLC lifted its stake in Euronet Worldwide by 101.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 171 shares in the last quarter. SkyView Investment Advisors LLC lifted 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 valued at $283,000 after acquiring an additional 186 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in Euronet Worldwide by 37.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 698 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 191 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Citigroup raised their price objective on Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Needham & Company LLC lifted their target price on Euronet Worldwide from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. William Blair reiterated an “outperform” rating on shares of Euronet Worldwide in a research note on Wednesday, May 1st. Wolfe Research raised Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a report on Friday, May 17th. Finally, Evercore ISI lifted their price objective on Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.56.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $103.35 on Wednesday. The company has a market cap of $4.74 billion, a PE ratio of 18.20 and a beta of 1.45. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.01. The stock has a 50-day moving average price of $110.44 and a 200-day moving average price of $106.66. Euronet Worldwide, Inc. has a 12-month low of $73.84 and a 12-month high of $121.06.

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

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.