Euronet Worldwide, Inc. (NASDAQ:EEFT) Holdings Lowered by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. trimmed its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,612 shares of the business services provider’s stock after selling 135 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Euronet Worldwide were worth $617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EEFT. Norges Bank bought a new stake in shares of Euronet Worldwide during the 4th quarter worth about $54,947,000. Ophir Asset Management Pty Ltd bought a new stake in shares of Euronet Worldwide during the 4th quarter worth about $31,186,000. Burgundy Asset Management Ltd. raised its position in shares of Euronet Worldwide by 67.8% during the 4th quarter. Burgundy Asset Management Ltd. now owns 746,579 shares of the business services provider’s stock worth $75,770,000 after buying an additional 301,771 shares in the last quarter. Kodai Capital Management LP bought a new stake in shares of Euronet Worldwide in the 4th quarter worth approximately $23,728,000. Finally, Wasatch Advisors LP raised its holdings in shares of Euronet Worldwide by 51.2% in the 4th quarter. Wasatch Advisors LP now owns 579,334 shares of the business services provider’s stock worth $58,797,000 after purchasing an additional 196,161 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on EEFT. Monness Crespi & Hardt began coverage on shares of Euronet Worldwide in a report on Wednesday, March 20th. They issued a “buy” rating and a $140.00 target price on the stock. DA Davidson boosted their target price on shares of Euronet Worldwide from $126.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Keefe, Bruyette & Woods boosted their target price on shares of Euronet Worldwide from $115.00 to $116.00 and gave the stock a “market perform” rating in a report on Thursday, May 2nd. Needham & Company LLC boosted their target price on shares of Euronet Worldwide from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Citigroup boosted their target price on shares of Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.56.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $103.35 on Wednesday. The company’s 50 day moving average price is $110.44 and its 200 day moving average price is $106.66. Euronet Worldwide, Inc. has a 52 week low of $73.84 and a 52 week high of $121.06. The company has a market capitalization of $4.74 billion, a PE ratio of 18.20 and a beta of 1.45. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.33 and a current ratio of 1.33.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $837.85 million. Research analysts expect that Euronet Worldwide, Inc. will post 7.82 EPS for the current fiscal year.

Euronet Worldwide 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.