5,591 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Bought by Blueshift Asset Management LLC

Key Points

• Blueshift Asset Management LLC has acquired 5,591 shares of Euronet Worldwide, valued at approximately $597,000, marking a new investment in the financial services sector.
• Euronet Worldwide's stock experienced a decline of $3.28, trading at $93.90, with a market cap of $4.06 billion and a PE ratio of 12.88 as of the latest trading session.
• Euronet's latest earnings report showed a net margin of 8.06%, with earnings per share at $2.56, falling short of analysts' estimates and indicating a year-over-year revenue increase of 8.9%.

Blueshift Asset Management LLC purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,591 shares of the business services provider's stock, valued at approximately $597,000.

Other institutional investors have also bought and sold shares of the company. UMB Bank n.a. grew its position in Euronet Worldwide by 92.3% in the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock worth $48,000 after acquiring an additional 216 shares in the last quarter. Covestor Ltd boosted its position in shares of Euronet Worldwide by 40.9% during the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider's stock valued at $73,000 after buying an additional 207 shares during the period. Aster Capital Management DIFC Ltd boosted its position in shares of Euronet Worldwide by 15,240.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock valued at $79,000 after buying an additional 762 shares during the period. Versant Capital Management Inc purchased a new position in shares of Euronet Worldwide during the first quarter valued at approximately $97,000. Finally, LRI Investments LLC raised its stake in shares of Euronet Worldwide by 65.0% during the fourth quarter. LRI Investments LLC now owns 1,536 shares of the business services provider's stock valued at $158,000 after acquiring an additional 605 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Euronet Worldwide Stock Performance

Shares of EEFT traded down $0.61 during trading hours on Tuesday, reaching $93.79. 196,682 shares of the company traded hands, compared to its average volume of 431,864. The stock has a market capitalization of $4.06 billion, a P/E ratio of 12.85, a P/E/G ratio of 0.69 and a beta of 1.25. The company has a quick ratio of 1.60, a current ratio of 1.15 and a debt-to-equity ratio of 0.74. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $114.25. The business has a fifty day moving average price of $104.41 and a 200-day moving average price of $102.46.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $2.56 earnings per share for the quarter, missing analysts' consensus estimates of $2.66 by ($0.10). Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same period last year, the firm earned $2.25 earnings per share. Euronet Worldwide's quarterly revenue was up 8.9% compared to the same quarter last year. Equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Oppenheimer boosted their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods reduced their price objective on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Needham & Company LLC reduced their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Three research 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.83.

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.