Alliancebernstein L.P. Sells 12,154 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Alliancebernstein L.P. lowered its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 17.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,826 shares of the business services provider's stock after selling 12,154 shares during the period. Alliancebernstein L.P. owned about 0.13% of Euronet Worldwide worth $5,741,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in shares of Euronet Worldwide by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider's stock worth $2,540,000 after acquiring an additional 158 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Euronet Worldwide by 2.0% in the third quarter. Stifel Financial Corp now owns 11,729 shares of the business services provider's stock worth $1,164,000 after buying an additional 232 shares during the period. EP Wealth Advisors LLC purchased a new stake in Euronet Worldwide during the 3rd quarter valued at about $212,000. M&T Bank Corp grew its position in Euronet Worldwide by 7.0% during the 3rd quarter. M&T Bank Corp now owns 4,245 shares of the business services provider's stock worth $421,000 after acquiring an additional 279 shares during the last quarter. Finally, McIlrath & Eck LLC lifted its position in Euronet Worldwide by 16.2% in the third quarter. McIlrath & Eck LLC now owns 1,476 shares of the business services provider's stock valued at $146,000 after purchasing an additional 206 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

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Euronet Worldwide Stock Up 0.2 %

Shares of EEFT traded up $0.20 during trading hours on Tuesday, hitting $95.93. The company had a trading volume of 341,480 shares, compared to its average volume of 338,558. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $117.66. The firm has a fifty day moving average price of $101.29 and a 200-day moving average price of $101.14. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 0.78 and a beta of 1.18. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. On average, equities research analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on EEFT. Oppenheimer dropped their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. Keefe, Bruyette & Woods upped their price target on Euronet Worldwide from $108.00 to $112.00 and gave the company a "market perform" rating in a research report on Friday, February 14th. Stephens reiterated an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, February 14th. Finally, StockNews.com lowered Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Euronet Worldwide presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.86.

Insider Activity

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the completion of the sale, the chief executive officer now directly owns 1,418,966 shares in the company, valued at $142,875,686.54. The trade was a 6.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.50% of the stock is owned by corporate insiders.

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.