Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 370,189 shares of the business services provider’s stock after selling 25,088 shares during the quarter. Sei Investments Co. owned about 0.81% of Euronet Worldwide worth $40,695,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Signaturefd LLC raised its position in Euronet Worldwide by 189.9% during the fourth quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 169 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Euronet Worldwide during the 4th quarter worth about $30,000. Quadrant Capital Group LLC raised its holdings in Euronet Worldwide by 242.7% in the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 250 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Euronet Worldwide by 26.4% in the 4th quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 105 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of Euronet Worldwide by 37.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 698 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 191 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

EEFT stock traded up $1.22 during trading on Monday, reaching $104.49. The company had a trading volume of 309,597 shares, compared to its average volume of 291,611. The firm has a 50-day simple moving average of $109.94 and a 200-day simple moving average of $106.72. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 18.18 and a beta of 1.45. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.33 and a current ratio of 1.33. Euronet Worldwide, Inc. has a twelve month low of $73.84 and a twelve month high of $119.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.02 EPS for the quarter, beating the consensus estimate of $0.77 by $0.25. Euronet Worldwide had a net margin of 7.63% and a return on equity of 26.71%. The business had revenue of $857.00 million during the quarter, compared to analysts’ expectations of $837.85 million. As a group, sell-side analysts expect that Euronet Worldwide, Inc. will post 7.82 earnings per share for the current year.

Wall Street Analyst Weigh In

EEFT has been the topic of several research analyst reports. Evercore ISI raised their price objective on Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Needham & Company LLC raised their price objective on shares of Euronet Worldwide from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Wolfe Research upgraded shares of Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Friday, May 17th. William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a research note on Wednesday, May 1st. Finally, Monness Crespi & Hardt initiated coverage on shares of Euronet Worldwide in a report on Wednesday, March 20th. They set a “buy” rating and a $140.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $123.56.

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.