Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 47.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 85,852 shares of the business services provider's stock after selling 77,698 shares during the period. Prudential Financial Inc. owned approximately 0.20% of Euronet Worldwide worth $8,747,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. HighTower Advisors LLC raised its stake 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 valued at $2,540,000 after acquiring an additional 158 shares during the period. Xponance Inc. raised its position in Euronet Worldwide by 3.6% in the fourth quarter. Xponance Inc. now owns 4,790 shares of the business services provider's stock valued at $493,000 after purchasing an additional 166 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Euronet Worldwide by 2.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider's stock valued at $768,000 after purchasing an additional 169 shares during the period. Quarry LP boosted its position in shares of Euronet Worldwide by 21.6% in the third quarter. Quarry LP now owns 1,087 shares of the business services provider's stock worth $108,000 after buying an additional 193 shares during the period. Finally, New York State Teachers Retirement System boosted its position in shares of Euronet Worldwide by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 23,277 shares of the business services provider's stock worth $2,394,000 after buying an additional 196 shares during the period. Hedge funds and other institutional investors own 91.60% of the company's stock.

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Wall Street Analysts Forecast Growth

EEFT has been the topic of several analyst reports. Needham & Company LLC reissued a "buy" rating and set a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. 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. Keefe, Bruyette & Woods upped their target price 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. 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 report on Thursday, December 19th. Finally, StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Euronet Worldwide has an average rating of "Moderate Buy" and an average target price of $125.86.

Insider Buying and Selling

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction 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 approximately $142,875,686.54. This represents a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 10.50% of the stock is currently owned by company insiders.

Euronet Worldwide Stock Down 8.3 %

Shares of Euronet Worldwide stock traded down $8.93 during trading on Thursday, reaching $99.23. The company had a trading volume of 109,977 shares, compared to its average volume of 326,080. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. The firm's fifty day moving average is $102.24 and its 200-day moving average is $101.60. 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 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%. On average, analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current 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.