Kavar Capital Partners Group LLC Has $737,000 Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Kavar Capital Partners Group LLC lessened its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 72.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,900 shares of the business services provider’s stock after selling 18,018 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Euronet Worldwide were worth $737,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Euronet Worldwide in the fourth quarter valued at approximately $53,072,000. GAMMA Investing LLC lifted its stake in shares of Euronet Worldwide by 21,258.8% during the first quarter. GAMMA Investing LLC now owns 203,763 shares of the business services provider’s stock valued at $21,772,000 after acquiring an additional 202,809 shares during the period. Burgundy Asset Management Ltd. increased its position in Euronet Worldwide by 21.0% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider’s stock worth $112,743,000 after purchasing an additional 190,453 shares during the period. Voss Capital LP raised its holdings in Euronet Worldwide by 21.9% during the 4th quarter. Voss Capital LP now owns 630,000 shares of the business services provider’s stock worth $64,789,000 after purchasing an additional 113,236 shares during the last quarter. Finally, Reinhart Partners LLC. boosted its stake in Euronet Worldwide by 17.7% in the first quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider’s stock valued at $78,896,000 after acquiring an additional 111,234 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Stock Down 0.9%

Shares of EEFT stock opened at $101.08 on Thursday. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $114.25. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 0.76 and a beta of 1.27. The firm’s 50-day moving average is $104.89 and its 200-day moving average is $102.43.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.13. The company had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $908.93 million. Euronet Worldwide had a net margin of 7.88% and a return on equity of 26.97%. Euronet Worldwide’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS. Sell-side analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. William Blair reaffirmed an “outperform” rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Keefe, Bruyette & Woods dropped their price objective on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a report on Friday, April 25th. Finally, Needham & Company LLC reduced their price objective on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Euronet Worldwide has a consensus rating of “Moderate Buy” and an average price target of $125.57.

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.