Vanguard Group Inc. Sells 259,823 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Vanguard Group Inc. lessened its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,202,098 shares of the business services provider’s stock after selling 259,823 shares during the quarter. Vanguard Group Inc. owned 9.18% of Euronet Worldwide worth $426,471,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings 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 buying an additional 169 shares in the last quarter. GAMMA Investing LLC bought a new stake in Euronet Worldwide during the 4th quarter valued at about $30,000. VisionPoint Advisory Group LLC lifted its holdings 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 buying an additional 171 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Euronet Worldwide by 242.7% during 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 in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings 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 buying an additional 105 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

EEFT has been the subject of a number of research analyst reports. Monness Crespi & Hardt initiated coverage on shares of Euronet Worldwide in a report on Wednesday, March 20th. They set a “buy” rating and a $140.00 price objective for the company. DA Davidson boosted their price target on shares of Euronet Worldwide from $126.00 to $136.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Needham & Company LLC boosted their price target on shares of Euronet Worldwide from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Wolfe Research upgraded shares of Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a report on Friday, May 17th. Finally, Citigroup boosted their price target on shares of Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.56.

Euronet Worldwide Stock Down 1.2 %

Shares of Euronet Worldwide stock opened at $106.43 on Thursday. The firm’s 50 day moving average price is $110.43 and its 200-day moving average price is $106.27. 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 company has a market cap of $4.88 billion, a P/E ratio of 18.74 and a beta of 1.47.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Tuesday, April 30th. The business services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.25. The company had revenue of $857.00 million for the quarter, compared to the consensus estimate of $837.85 million. Euronet Worldwide had a net margin of 7.63% and a return on equity of 26.71%. On average, sell-side analysts predict that Euronet Worldwide, Inc. will post 7.82 EPS 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.