Fiduciary Financial Group LLC Has $249,000 Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Fiduciary Financial Group LLC reduced its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 19.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,335 shares of the business services provider’s stock after selling 546 shares during the period. Fiduciary Financial Group LLC’s holdings in Euronet Worldwide were worth $249,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EEFT. Empowered Funds LLC acquired a new position in shares of Euronet Worldwide in the fourth quarter valued at $780,000. Entropy Technologies LP acquired a new position in shares of Euronet Worldwide in the fourth quarter valued at $402,000. Avidian Wealth Enterprises LLC acquired a new position in shares of Euronet Worldwide in the fourth quarter valued at $231,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Euronet Worldwide by 0.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider’s stock valued at $340,955,000 after purchasing an additional 16,220 shares during the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of Euronet Worldwide by 0.8% in the fourth quarter. New York State Teachers Retirement System now owns 23,277 shares of the business services provider’s stock valued at $2,394,000 after acquiring an additional 196 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EEFT has been the topic of several research reports. Needham & Company LLC decreased their price target 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. Stephens restated an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, February 14th. Keefe, Bruyette & Woods decreased their price target 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. Wall Street Zen downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Finally, William Blair restated an “outperform” rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Euronet Worldwide presently has an average rating of “Moderate Buy” and an average price target of $125.57.

Euronet Worldwide Trading Up 1.5%

EEFT opened at $112.70 on Wednesday. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve month high of $113.41. The company has a 50-day simple moving average of $102.49 and a 200 day simple moving average of $102.47. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 0.78 and a beta of 1.27.

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, hitting the consensus estimate of $1.13. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The business had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $908.93 million. During the same quarter in the prior year, the business posted $1.28 earnings per share. Euronet Worldwide’s revenue was up 6.8% compared to the same quarter last year. Analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Insider Transactions at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the transaction, the chief executive officer now owns 1,418,966 shares of the company’s stock, valued at approximately $142,875,686.54. This represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.20% of the company’s stock.

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.