Hennion & Walsh Asset Management Inc. Has $570,000 Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Hennion & Walsh Asset Management Inc. trimmed its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,508 shares of the business services provider’s stock after selling 104 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Euronet Worldwide were worth $570,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its holdings in shares of Euronet Worldwide by 26.4% during the fourth quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock worth $51,000 after buying an additional 105 shares in the last quarter. Signaturefd LLC increased its holdings in Euronet Worldwide by 189.9% in the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after purchasing an additional 169 shares in the last quarter. State of Michigan Retirement System raised its position in Euronet Worldwide by 1.9% in the first quarter. State of Michigan Retirement System now owns 10,717 shares of the business services provider’s stock valued at $1,178,000 after purchasing an additional 200 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in Euronet Worldwide by 0.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 54,289 shares of the business services provider’s stock valued at $6,075,000 after purchasing an additional 215 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Euronet Worldwide by 11.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,328 shares of the business services provider’s stock valued at $241,000 after purchasing an additional 239 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EEFT. Monness Crespi & Hardt upped their price objective on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Keefe, Bruyette & Woods upped their price target on shares of Euronet Worldwide from $115.00 to $116.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Citigroup lifted their price target on shares of Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, William Blair reaffirmed an “outperform” rating on shares of Euronet Worldwide in a research report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $124.11.

Euronet Worldwide Stock Up 1.6 %

Shares of Euronet Worldwide stock opened at $104.17 on Thursday. The stock’s 50-day moving average is $102.54 and its 200 day moving average is $106.81. Euronet Worldwide, Inc. has a one year low of $73.84 and a one year high of $117.66. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 18.34 and a beta of 1.45. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.33.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.21. The firm had revenue of $986.20 million for the quarter, compared to analysts’ expectations of $1.09 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.84 EPS. Equities research analysts anticipate that Euronet Worldwide, Inc. will post 7.9 EPS for the current year.

Insider Buying and Selling

In related news, Director Thomas A. Mcdonnell purchased 3,206 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $93.86 per share, with a total value of $300,915.16. Following the completion of the purchase, the director now owns 90,000 shares in the company, valued at approximately $8,447,400. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 10.50% of the stock is owned by insiders.

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.