Great Lakes Advisors LLC Sells 4,222 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Great Lakes Advisors LLC trimmed its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,834 shares of the business services provider's stock after selling 4,222 shares during the period. Great Lakes Advisors LLC owned 0.25% of Euronet Worldwide worth $11,501,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EEFT. Janney Montgomery Scott LLC lifted its position in shares of Euronet Worldwide by 15.4% in the third quarter. Janney Montgomery Scott LLC now owns 9,382 shares of the business services provider's stock valued at $931,000 after buying an additional 1,253 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Euronet Worldwide by 5.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 10,244 shares of the business services provider's stock worth $1,017,000 after purchasing an additional 526 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Euronet Worldwide by 12.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 18,846 shares of the business services provider's stock worth $1,870,000 after purchasing an additional 2,110 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Euronet Worldwide during the 3rd quarter worth approximately $997,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in Euronet Worldwide by 0.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider's stock worth $1,793,000 after purchasing an additional 133 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

Several analysts recently weighed in on EEFT shares. StockNews.com cut Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Oppenheimer dropped their price objective on Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating for the company in a report on Thursday, December 19th. Keefe, Bruyette & Woods lifted their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the company a "market perform" rating in a report on Friday, February 14th. Stephens reaffirmed an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday, December 12th. Four investment 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's stock. According to data from MarketBeat.com, Euronet Worldwide presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.00.

Euronet Worldwide Price Performance

EEFT stock traded up $1.39 during midday trading on Friday, reaching $102.30. 500,649 shares of the stock were exchanged, compared to its average volume of 307,102. The stock has a market capitalization of $4.47 billion, a PE ratio of 15.81, a P/E/G ratio of 0.78 and a beta of 1.37. Euronet Worldwide, Inc. has a 52 week low of $91.07 and a 52 week high of $117.66. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. The company has a fifty day moving average price of $99.97 and a 200 day moving average price of $101.08.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share 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, analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Euronet Worldwide Company 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.