B. Metzler seel. Sohn & Co. AG Sells 24,522 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

B. Metzler seel. Sohn & Co. AG cut its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 59.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,647 shares of the business services provider's stock after selling 24,522 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Euronet Worldwide were worth $1,712,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in EEFT. FMR LLC increased its position in Euronet Worldwide by 21.1% during the 3rd quarter. FMR LLC now owns 75,216 shares of the business services provider's stock worth $7,464,000 after purchasing an additional 13,093 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Euronet Worldwide during the 3rd quarter worth approximately $1,692,000. Benjamin Edwards Inc. acquired a new position in Euronet Worldwide in the 3rd quarter valued at approximately $457,000. Centiva Capital LP bought a new position in shares of Euronet Worldwide during the third quarter valued at $618,000. Finally, Holocene Advisors LP acquired a new stake in Euronet Worldwide in the third quarter valued at $666,000. Institutional investors and hedge funds own 91.60% of the company's stock.

Insider Activity at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $100.69, for a total value of $9,565,550.00. Following the sale, the chief executive officer now directly owns 1,418,966 shares of the company's stock, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 10.50% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

EEFT has been the subject of a number of analyst reports. Needham & Company LLC reissued a "buy" rating and set a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th. StockNews.com lowered Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Oppenheimer cut their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. Keefe, Bruyette & Woods boosted their price target on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a report on Friday, February 14th. Finally, Stephens reissued an "overweight" rating and set a $130.00 target price 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, Euronet Worldwide currently has an average rating of "Moderate Buy" and a consensus price target of $125.86.

Euronet Worldwide Price Performance

NASDAQ EEFT traded down $3.85 on Monday, reaching $89.34. 226,022 shares of the company's stock traded hands, compared to its average volume of 330,071. Euronet Worldwide, Inc. has a 12 month low of $85.54 and a 12 month high of $117.66. The stock has a market cap of $3.91 billion, a PE ratio of 13.81, a P/E/G ratio of 0.78 and a beta of 1.18. The stock has a 50-day simple moving average of $102.23 and a 200 day simple moving average of $101.59. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing analysts' consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. As a group, research analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current 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.