Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Watershed Asset Management L.L.C.

Watershed Asset Management L.L.C. lessened its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,107 shares of the business services provider’s stock after selling 288 shares during the period. Euronet Worldwide makes up 0.4% of Watershed Asset Management L.L.C.’s investment portfolio, making the stock its 28th largest position. Watershed Asset Management L.L.C.’s holdings in Euronet Worldwide were worth $315,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. CWM LLC lifted its holdings in shares of Euronet Worldwide by 92.2% in the 3rd quarter. CWM LLC now owns 644 shares of the business services provider’s stock worth $51,000 after acquiring an additional 309 shares during the last quarter. Impact Partnership Wealth LLC acquired a new position in Euronet Worldwide during the 3rd quarter worth about $93,000. Voss Capital LLC lifted its stake in Euronet Worldwide by 26.2% during the 3rd quarter. Voss Capital LLC now owns 369,852 shares of the business services provider’s stock worth $29,359,000 after acquiring an additional 76,810 shares in the last quarter. Country Club Bank GFN boosted its holdings in Euronet Worldwide by 24.0% during the 3rd quarter. Country Club Bank GFN now owns 5,475 shares of the business services provider’s stock valued at $435,000 after acquiring an additional 1,060 shares during the period. Finally, Sheets Smith Wealth Management grew its position in Euronet Worldwide by 4.2% in the 3rd quarter. Sheets Smith Wealth Management now owns 8,927 shares of the business services provider’s stock valued at $709,000 after acquiring an additional 359 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Up 1.8 %

NASDAQ EEFT traded up $1.92 during trading on Tuesday, reaching $105.81. 203,757 shares of the company’s stock were exchanged, compared to its average volume of 272,382. The company has a 50 day moving average price of $107.80 and a two-hundred day moving average price of $96.88. The stock has a market cap of $4.85 billion, a P/E ratio of 19.17 and a beta of 1.39. Euronet Worldwide, Inc. has a 1 year low of $73.84 and a 1 year high of $121.55. 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 issued its earnings results 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 business 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%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $1.12 EPS. On average, equities research analysts anticipate that Euronet Worldwide, Inc. will post 7.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EEFT shares. Evercore ISI raised their price objective on shares of Euronet Worldwide from $118.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. DA Davidson reaffirmed a “buy” rating and set a $126.00 price objective on shares of Euronet Worldwide in a research report on Monday, April 15th. Needham & Company LLC increased their price objective on Euronet Worldwide from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Citigroup raised Euronet Worldwide from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $116.00 to $120.00 in a research note on Monday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Euronet Worldwide currently has an average rating of “Buy” and a consensus price target of $120.75.

Euronet Worldwide Company 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.