Cerity Partners LLC bought a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 9,184 shares of the business services provider's stock, valued at approximately $981,000.
Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of Euronet Worldwide during the fourth quarter worth approximately $28,000. UMB Bank n.a. lifted its holdings in shares of Euronet Worldwide by 92.3% during the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock worth $48,000 after purchasing an additional 216 shares during the period. Covestor Ltd lifted its holdings in Euronet Worldwide by 40.9% in 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 lifted its holdings in Euronet Worldwide by 15,240.0% in 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. Finally, Versant Capital Management Inc bought a new stake in Euronet Worldwide in the first quarter valued at $97,000. Institutional investors own 91.60% of the company's stock.
Wall Street Analyst Weigh In
EEFT has been the subject of a number of recent analyst reports. 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 report on Friday, April 25th. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Needham & Company LLC decreased their target price on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Oppenheimer boosted their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $123.83.
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Euronet Worldwide Trading Up 2.8%
Shares of NASDAQ EEFT opened at $103.87 on Wednesday. The firm's 50 day moving average price is $105.84 and its 200-day moving average price is $102.36. The company has a market cap of $4.49 billion, a PE ratio of 15.39, a P/E/G ratio of 0.75 and a beta of 1.23. 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.
Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. Euronet Worldwide had a net margin of 7.88% and a return on equity of 26.97%. The firm had revenue of $915.50 million during the quarter, compared to analysts' expectations of $908.93 million. During the same period in the previous year, the company earned $1.28 earnings per share. The firm's quarterly revenue was up 6.8% on a year-over-year basis. On average, equities research analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.
Euronet Worldwide Company 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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