Euronet Worldwide, Inc. (NASDAQ:EEFT) Holdings Trimmed by Montag & Caldwell LLC

Montag & Caldwell LLC trimmed its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 13.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,057 shares of the business services provider’s stock after selling 630 shares during the period. Montag & Caldwell LLC’s holdings in Euronet Worldwide were worth $412,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EEFT. M&T Bank Corp raised its stake in shares of Euronet Worldwide by 3.8% during the 3rd quarter. M&T Bank Corp now owns 3,807 shares of the business services provider’s stock worth $303,000 after purchasing an additional 141 shares in the last quarter. Signaturefd LLC raised its stake in shares of Euronet Worldwide by 189.9% during 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. VisionPoint Advisory Group LLC raised its stake in shares of Euronet Worldwide by 101.8% during the 3rd 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 in the last quarter. SkyView Investment Advisors LLC raised its stake in shares of Euronet Worldwide by 5.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 3,572 shares of the business services provider’s stock worth $283,000 after purchasing an additional 186 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of Euronet Worldwide by 37.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 698 shares of the business services provider’s stock worth $72,000 after purchasing an additional 191 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EEFT has been the subject of a number of recent research reports. Citigroup raised Euronet Worldwide from a “neutral” rating to a “buy” rating and raised their price target for the stock from $116.00 to $120.00 in a research note on Monday, April 22nd. Stephens raised Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 price objective on the stock in a report on Thursday, February 1st. Evercore ISI increased their price objective on Euronet Worldwide from $118.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Finally, DA Davidson reissued a “buy” rating and set a $126.00 price objective on shares of Euronet Worldwide in a report on Monday, April 15th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $120.75.

Euronet Worldwide Stock Performance

Shares of NASDAQ:EEFT traded up $0.70 during trading on Monday, hitting $104.53. 61,300 shares of the stock were exchanged, compared to its average volume of 267,676. Euronet Worldwide, Inc. has a 1-year low of $73.84 and a 1-year high of $121.55. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 19.02 and a beta of 1.39. The company’s fifty day simple moving average is $107.51 and its 200-day simple moving average is $97.68. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.54 and a current ratio of 1.54.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.34. The company had revenue of $957.70 million for the quarter, compared to analyst estimates of $844.59 million. Euronet Worldwide had a return on equity of 25.23% and a net margin of 7.63%. Euronet Worldwide’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 EPS. Sell-side analysts expect that Euronet Worldwide, Inc. will post 7.51 EPS 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.