Oppenheimer Asset Management Inc. Sells 2,963 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Oppenheimer Asset Management Inc. cut its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 47.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,345 shares of the business services provider's stock after selling 2,963 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Euronet Worldwide were worth $344,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of EEFT. State of Alaska Department of Revenue lifted its holdings in shares of Euronet Worldwide by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider's stock worth $486,000 after acquiring an additional 170 shares during the period. New York State Teachers Retirement System lifted its stake in Euronet Worldwide by 12.7% during the third quarter. New York State Teachers Retirement System now owns 23,081 shares of the business services provider's stock worth $2,290,000 after purchasing an additional 2,599 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Euronet Worldwide by 15.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 9,382 shares of the business services provider's stock valued at $931,000 after purchasing an additional 1,253 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Euronet Worldwide by 5.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 10,244 shares of the business services provider's stock valued at $1,017,000 after purchasing an additional 526 shares in the last quarter. Finally, Meritage Portfolio Management increased its stake in shares of Euronet Worldwide by 39.0% in the 3rd quarter. Meritage Portfolio Management now owns 130,380 shares of the business services provider's stock valued at $12,938,000 after purchasing an additional 36,566 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

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

Euronet Worldwide Trading Up 1.5 %

NASDAQ EEFT traded up $1.52 on Monday, hitting $103.49. The company's stock had a trading volume of 843,813 shares, compared to its average volume of 303,252. The firm has a market cap of $4.53 billion, a PE ratio of 16.00, a PEG 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. The company's 50-day moving average is $100.08 and its 200 day moving average is $101.19.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share 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, analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share 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.