M&T Bank Corp Sells 325 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

M&T Bank Corp cut its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 7.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,968 shares of the business services provider’s stock after selling 325 shares during the period. M&T Bank Corp’s holdings in Euronet Worldwide were worth $424,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Euronet Worldwide by 99.9% in the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider’s stock worth $204,000 after purchasing an additional 953 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Euronet Worldwide by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider’s stock worth $10,155,000 after purchasing an additional 280 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Euronet Worldwide by 211.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider’s stock worth $213,000 after purchasing an additional 1,352 shares in the last quarter. SG Americas Securities LLC lifted its stake in Euronet Worldwide by 46.4% in the 1st quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider’s stock worth $504,000 after purchasing an additional 1,496 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Euronet Worldwide in the 1st quarter worth approximately $1,400,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EEFT. Needham & Company LLC lowered their target price on shares of Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Oppenheimer increased their target price on shares of Euronet Worldwide from $135.00 to $137.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. William Blair reiterated an “outperform” rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.86.

Euronet Worldwide Stock Performance

Euronet Worldwide stock opened at $100.02 on Thursday. The firm’s fifty day moving average price is $106.47 and its 200-day moving average price is $102.39. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $4.33 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 0.74 and a beta of 1.23. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. The firm had revenue of $915.50 million for the quarter, compared to analysts’ expectations of $908.93 million. Euronet Worldwide had a net margin of 7.88% and a return on equity of 26.97%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $1.28 EPS. On average, equities research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal 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.