Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 405,775 shares of the business services provider's stock after selling 26,674 shares during the period. Bank of New York Mellon Corp owned about 0.92% of Euronet Worldwide worth $41,730,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Wasatch Advisors LP grew its stake in shares of Euronet Worldwide by 45.8% during the 3rd quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider's stock worth $71,102,000 after purchasing an additional 224,982 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Euronet Worldwide during the third quarter worth $15,258,000. Hotchkis & Wiley Capital Management LLC grew its position in Euronet Worldwide by 13.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider's stock valued at $105,604,000 after buying an additional 127,240 shares during the period. Quantbot Technologies LP purchased a new position in Euronet Worldwide in the third quarter valued at $4,373,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Euronet Worldwide in the third quarter worth about $4,085,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Oppenheimer dropped their target price on Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. Stephens reissued an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. Keefe, Bruyette & Woods upped their target price on Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a research note on Friday, February 14th. Needham & Company LLC reiterated a "buy" rating and set a $120.00 target price on shares of Euronet Worldwide in a research report on Thursday, December 12th. Finally, StockNews.com lowered shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $127.00.

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Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock traded up $1.52 during trading hours on Monday, reaching $103.49. 843,813 shares of the company's stock were exchanged, compared to its average volume of 303,252. The business has a fifty day moving average of $100.08 and a two-hundred day moving average of $101.19. The company has a market capitalization of $4.53 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a 1 year low of $91.07 and a 1 year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced 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%. As a group, research analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share 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.