Lisanti Capital Growth LLC Makes New Investment in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Lisanti Capital Growth LLC acquired a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 40,540 shares of the business services provider's stock, valued at approximately $4,332,000. Euronet Worldwide makes up 1.3% of Lisanti Capital Growth LLC's holdings, making the stock its 29th biggest holding. Lisanti Capital Growth LLC owned 0.09% of Euronet Worldwide at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Illinois Municipal Retirement Fund boosted its stake in shares of Euronet Worldwide by 49.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 20,108 shares of the business services provider's stock valued at $2,149,000 after buying an additional 6,691 shares during the last quarter. Edmp Inc. acquired a new position in Euronet Worldwide during the 1st quarter valued at approximately $261,000. Moran Wealth Management LLC increased its position in Euronet Worldwide by 51.4% in the first quarter. Moran Wealth Management LLC now owns 43,900 shares of the business services provider's stock worth $4,691,000 after buying an additional 14,896 shares during the period. Retirement Guys Formula LLC acquired a new position in shares of Euronet Worldwide during the first quarter valued at $205,000. Finally, Asset Management One Co. Ltd. lifted its position in Euronet Worldwide by 211.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider's stock valued at $213,000 after purchasing an additional 1,352 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock traded down $0.46 during trading on Monday, hitting $101.38. 392,767 shares of the company's stock traded hands, compared to its average volume of 372,174. The company has a market cap of $4.38 billion, a PE ratio of 15.02, a PEG ratio of 0.76 and a beta of 1.27. The firm's fifty day moving average price is $105.19 and its 200 day moving average price is $102.38. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve month high of $114.25. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.60 and a quick ratio of 1.60.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. The business had revenue of $915.50 million for the quarter, compared to analyst estimates of $908.93 million. Euronet Worldwide had a net margin of 7.88% and a return on equity of 26.97%. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 EPS. Analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Needham & Company LLC decreased their price target on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, April 25th. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lowered 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 research note on Friday, April 25th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.57.

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.