Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC reduced its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 285,056 shares of the business services provider's stock after selling 5,042 shares during the period. Euronet Worldwide accounts for about 2.3% of Villere ST Denis J & Co. LLC's holdings, making the stock its 23rd biggest holding. Villere ST Denis J & Co. LLC owned approximately 0.63% of Euronet Worldwide worth $28,286,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in shares of Euronet Worldwide in the 1st quarter valued at $50,000. Covestor Ltd boosted its stake in Euronet Worldwide by 174.9% during the first quarter. Covestor Ltd now owns 547 shares of the business services provider's stock worth $60,000 after buying an additional 348 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Euronet Worldwide during the second quarter valued at about $57,000. GAMMA Investing LLC raised its stake in shares of Euronet Worldwide by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider's stock valued at $61,000 after acquiring an additional 241 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Euronet Worldwide in the 2nd quarter worth approximately $80,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EEFT shares. DA Davidson reiterated a "buy" rating and issued a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Friday, August 9th. Monness Crespi & Hardt upgraded Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 24th. Citigroup lowered shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and cut their price target for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Finally, Oppenheimer began coverage on shares of Euronet Worldwide in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $121.00 price objective for the company. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $125.38.

Insider Activity

In other news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares in the company, valued at approximately $1,276,095.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.50% of the company's stock.

Euronet Worldwide Stock Down 1.5 %

NASDAQ:EEFT traded down $1.52 during trading hours on Friday, hitting $101.98. The company's stock had a trading volume of 215,419 shares, compared to its average volume of 302,101. Euronet Worldwide, Inc. has a 52-week low of $79.50 and a 52-week high of $117.66. The company has a current ratio of 1.26, a quick ratio of 1.19 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.48 billion, a P/E ratio of 14.74 and a beta of 1.46. The stock has a fifty day moving average of $99.50 and a 200-day moving average of $104.00.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.92 by $0.11. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same quarter in the prior year, the business posted $2.53 EPS. On average, equities analysts forecast that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current 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.