Pacer Advisors Inc. Sells 2,322 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Pacer Advisors Inc. reduced its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 37.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,830 shares of the business services provider’s stock after selling 2,322 shares during the quarter. Pacer Advisors Inc.’s holdings in Euronet Worldwide were worth $409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its position in Euronet Worldwide by 2.5% during the 1st quarter. State of Alaska Department of Revenue now owns 4,833 shares of the business services provider’s stock valued at $516,000 after buying an additional 120 shares during the period. Fifth Third Bancorp raised its stake in shares of Euronet Worldwide by 6.8% during the first quarter. Fifth Third Bancorp now owns 1,929 shares of the business services provider’s stock valued at $206,000 after acquiring an additional 123 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Euronet Worldwide by 4.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,492 shares of the business services provider’s stock worth $373,000 after purchasing an additional 147 shares during the period. Vise Technologies Inc. grew its stake in shares of Euronet Worldwide by 3.9% in the fourth quarter. Vise Technologies Inc. now owns 4,656 shares of the business services provider’s stock worth $479,000 after purchasing an additional 174 shares during the last quarter. Finally, Peapack Gladstone Financial Corp grew its stake in shares of Euronet Worldwide by 8.8% in the fourth quarter. Peapack Gladstone Financial Corp now owns 2,228 shares of the business services provider’s stock worth $229,000 after purchasing an additional 181 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EEFT has been the subject of a number of recent analyst reports. Needham & Company LLC lowered their price target on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Keefe, Bruyette & Woods decreased their target price on Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating for the company in a report on Friday, April 25th. Oppenheimer raised their price target on Euronet Worldwide from $135.00 to $137.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Finally, William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $123.83.

Euronet Worldwide Trading Down 3.4%

EEFT opened at $93.90 on Friday. The company has a quick ratio of 1.60, a current ratio of 1.15 and a debt-to-equity ratio of 0.74. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $114.25. The stock has a market cap of $4.06 billion, a PE ratio of 12.88, a PEG ratio of 0.72 and a beta of 1.25. The business has a 50 day moving average of $104.62 and a 200-day moving average of $102.46.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $2.56 EPS for the quarter, missing the consensus estimate of $2.66 by ($0.10). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.25 EPS. Equities research analysts predict 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.