Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Dillon & Associates Inc.

Dillon & Associates Inc. lessened its stake in Euronet Worldwide, Inc. (NASDAQ:EEFTFree Report) by 86.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,050 shares of the business services provider’s stock after selling 12,876 shares during the period. Dillon & Associates Inc.’s holdings in Euronet Worldwide were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in EEFT. Van Berkom & Associates Inc. raised its position in Euronet Worldwide by 48.6% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,069,693 shares of the business services provider’s stock valued at $84,912,000 after purchasing an additional 349,720 shares during the last quarter. Voss Capital LLC boosted its stake in shares of Euronet Worldwide by 52.8% during the fourth quarter. Voss Capital LLC now owns 565,256 shares of the business services provider’s stock worth $57,368,000 after buying an additional 195,404 shares during the period. Reinhart Partners LLC. grew its holdings in shares of Euronet Worldwide by 14.7% during the fourth quarter. Reinhart Partners LLC. now owns 533,825 shares of the business services provider’s stock worth $54,178,000 after buying an additional 68,596 shares during the last quarter. Burgundy Asset Management Ltd. acquired a new position in Euronet Worldwide in the 3rd quarter valued at about $35,309,000. Finally, Envestnet Asset Management Inc. raised its stake in Euronet Worldwide by 16.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 162,924 shares of the business services provider’s stock valued at $12,933,000 after acquiring an additional 23,455 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

Euronet Worldwide stock traded up $0.22 during mid-day trading on Friday, reaching $115.49. The company had a trading volume of 227,735 shares, compared to its average volume of 298,009. The stock’s 50-day simple moving average is $108.22 and its 200-day simple moving average is $100.89. The company has a market capitalization of $5.30 billion, a P/E ratio of 20.33 and a beta of 1.39. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.33 and a quick ratio of 1.33. Euronet Worldwide, Inc. has a 1 year low of $73.84 and a 1 year high of $121.55.

Analyst Ratings Changes

EEFT has been the topic of several analyst reports. Monness Crespi & Hardt began coverage on Euronet Worldwide in a research note on Wednesday, March 20th. They issued a “buy” rating and a $140.00 target price on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Euronet Worldwide from $115.00 to $116.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Wolfe Research upgraded shares of Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Friday. Citigroup upgraded shares of Euronet Worldwide from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $116.00 to $120.00 in a research note on Monday, April 22nd. Finally, Needham & Company LLC increased their price target on shares of Euronet Worldwide from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Euronet Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $121.89.

Get Our Latest Stock Analysis on Euronet Worldwide

Euronet Worldwide Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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