Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 36.1% in the fourth quarter, Holdings Channel reports. The firm owned 40,251 shares of the business services provider’s stock after selling 22,694 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Euronet Worldwide were worth $4,085,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Belpointe Asset Management LLC lifted its holdings in Euronet Worldwide by 236.9% during the 1st quarter. Belpointe Asset Management LLC now owns 219 shares of the business services provider’s stock worth $25,000 after buying an additional 154 shares during the last quarter. VisionPoint Advisory Group LLC lifted its stake in Euronet Worldwide by 101.8% during the third quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock worth $27,000 after purchasing an additional 171 shares during the last quarter. CWM LLC boosted its holdings in Euronet Worldwide by 92.2% in the third quarter. CWM LLC now owns 644 shares of the business services provider’s stock worth $51,000 after purchasing an additional 309 shares during the period. Asset Management One Co. Ltd. increased its stake in Euronet Worldwide by 37.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 698 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 191 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Euronet Worldwide by 634.1% during the first quarter. Covestor Ltd now owns 903 shares of the business services provider’s stock worth $118,000 after purchasing an additional 780 shares during the period. 91.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EEFT has been the subject of several research reports. DA Davidson reaffirmed a “buy” rating and issued a $126.00 price target on shares of Euronet Worldwide in a report on Monday. Stephens upgraded Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 price target on the stock in a research report on Thursday, February 1st. Monness Crespi & Hardt initiated coverage on Euronet Worldwide in a research report on Wednesday, March 20th. They set a “buy” rating and a $140.00 price objective for the company. Evercore ISI upped their price objective on Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Finally, Needham & Company LLC raised their target price on Euronet Worldwide from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Euronet Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $117.38.

Euronet Worldwide Stock Down 0.1 %

Shares of Euronet Worldwide stock opened at $101.61 on Wednesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.54 and a quick ratio of 1.54. Euronet Worldwide, Inc. has a 1-year low of $73.84 and a 1-year high of $121.55. The business’s fifty day moving average price is $107.92 and its two-hundred day moving average price is $96.18. The company has a market capitalization of $4.66 billion, a P/E ratio of 18.41 and a beta of 1.39.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.34. The business had revenue of $957.70 million for the quarter, compared to analysts’ expectations of $844.59 million. Euronet Worldwide had a net margin of 7.63% and a return on equity of 25.23%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.12 earnings per share. As a group, research analysts forecast that Euronet Worldwide, Inc. will post 7.51 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.