Euronet Worldwide, Inc. (NASDAQ:EEFT) Stock Position Lowered by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 16.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,785 shares of the business services provider's stock after selling 6,949 shares during the quarter. Russell Investments Group Ltd. owned 0.08% of Euronet Worldwide worth $3,680,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Euronet Worldwide in the 4th quarter worth about $58,000. Jones Financial Companies Lllp lifted its holdings in Euronet Worldwide by 485.6% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock worth $88,000 after acquiring an additional 709 shares during the last quarter. GAMMA Investing LLC boosted its stake in Euronet Worldwide by 121.3% in the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider's stock valued at $98,000 after acquiring an additional 523 shares during the period. Blue Trust Inc. grew its holdings in shares of Euronet Worldwide by 26.1% during the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider's stock valued at $98,000 after purchasing an additional 205 shares during the last quarter. Finally, McIlrath & Eck LLC raised its position in shares of Euronet Worldwide by 16.2% during the 3rd quarter. McIlrath & Eck LLC now owns 1,476 shares of the business services provider's stock worth $146,000 after purchasing an additional 206 shares during the period. Institutional investors and hedge funds own 91.60% of the company's stock.

Euronet Worldwide Price Performance

EEFT traded down $2.38 during trading on Monday, reaching $92.32. The stock had a trading volume of 7,323 shares, compared to its average volume of 339,878. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $117.66. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The stock has a 50 day moving average of $101.18 and a two-hundred day moving average of $101.09. 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 (NASDAQ:EEFT - Get Free Report) last released its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (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, equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Insider Activity at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 11.20% of the company's stock.

Analysts Set New Price Targets

EEFT has been the subject of a number of recent research reports. Stephens restated an "overweight" rating and set a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Keefe, Bruyette & Woods lifted 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 report on Friday, February 14th. Finally, StockNews.com lowered shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $125.86.

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.