Barclays PLC Cuts Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Barclays PLC reduced its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 98.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 37,121 shares of the business services provider’s stock after selling 2,059,741 shares during the quarter. Barclays PLC’s holdings in Euronet Worldwide were worth $3,818,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EEFT. Proficio Capital Partners LLC purchased a new position in shares of Euronet Worldwide in the 4th quarter worth about $28,000. R Squared Ltd purchased a new position in shares of Euronet Worldwide in the 4th quarter worth about $58,000. Covestor Ltd lifted its stake in shares of Euronet Worldwide by 40.9% in the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider’s stock valued at $73,000 after acquiring an additional 207 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its stake in shares of Euronet Worldwide by 15,240.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 762 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Euronet Worldwide by 485.6% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock valued at $88,000 after acquiring an additional 709 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 research firms have recently weighed in on EEFT. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Keefe, Bruyette & Woods lowered their target price on Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating for the company in a research note on Friday. Needham & Company LLC lowered their price target on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday. Finally, Stephens reaffirmed an “overweight” rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.57.

Insider Activity

In other news, CEO Michael J. Brown sold 95,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. The trade was a 6.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 11.20% of the company’s stock.

Euronet Worldwide Price Performance

Shares of EEFT stock opened at $98.33 on Tuesday. The business’s fifty day moving average is $100.21 and its 200 day moving average is $101.07. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 0.78 and a beta of 1.18. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, meeting analysts’ consensus estimates of $1.13. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The firm had revenue of $915.50 million for the quarter, compared to analysts’ expectations of $908.93 million. During the same quarter in the previous year, the business posted $1.28 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Research analysts expect that Euronet Worldwide, Inc. will post 9.11 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.