Prudential Financial Inc. Lowers Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Prudential Financial Inc. reduced its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 47.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,852 shares of the business services provider’s stock after selling 77,698 shares during the period. Prudential Financial Inc.’s holdings in Euronet Worldwide were worth $8,747,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new position in Euronet Worldwide during the fourth quarter worth approximately $58,000. Jones Financial Companies Lllp grew its stake in shares of Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock valued at $88,000 after buying an additional 709 shares during the period. GAMMA Investing LLC increased its holdings in shares of Euronet Worldwide by 121.3% during the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock worth $98,000 after buying an additional 523 shares during the last quarter. Blue Trust Inc. raised its position in shares of Euronet Worldwide by 26.1% in the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock worth $98,000 after buying an additional 205 shares during the period. Finally, Quarry LP boosted its holdings in Euronet Worldwide by 21.6% in the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 193 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $107.13 on Friday. The firm has a 50-day moving average of $101.70 and a two-hundred day moving average of $101.39. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. The stock has a market cap of $4.69 billion, a P/E ratio of 16.56, a PEG ratio of 0.78 and a beta of 1.37. Euronet Worldwide, Inc. has a 1-year low of $91.07 and a 1-year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. On average, research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the transaction, the chief executive officer now directly owns 1,418,966 shares in the company, valued at $142,875,686.54. This represents a 6.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 10.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Stephens restated an “overweight” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Keefe, Bruyette & Woods lifted their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a report on Friday, February 14th. Finally, Oppenheimer cut their price objective on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Four 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $125.86.

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.