Cwm LLC Boosts Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

CWM LLC increased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 242.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,008 shares of the business services provider's stock after purchasing an additional 7,089 shares during the period. CWM LLC's holdings in Euronet Worldwide were worth $1,069,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in Euronet Worldwide by 92.3% in the 1st quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock valued at $48,000 after buying an additional 216 shares during the period. Covestor Ltd raised its holdings in shares of Euronet Worldwide by 40.9% in the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider's stock valued at $73,000 after purchasing an additional 207 shares in the last quarter. Aster Capital Management DIFC Ltd raised its holdings in shares of Euronet Worldwide by 15,240.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock valued at $79,000 after purchasing an additional 762 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Euronet Worldwide in the 1st quarter valued at about $97,000. Finally, LRI Investments LLC raised its holdings in shares of Euronet Worldwide by 65.0% in the 4th quarter. LRI Investments LLC now owns 1,536 shares of the business services provider's stock valued at $158,000 after purchasing an additional 605 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Trading Up 0.0%

EEFT stock traded up $0.03 during mid-day trading on Friday, hitting $103.78. 246,146 shares of the company were exchanged, compared to its average volume of 329,151. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $4.49 billion, a P/E ratio of 15.37, a PEG ratio of 0.77 and a beta of 1.23. The business has a fifty day simple moving average of $105.50 and a 200-day simple moving average of $102.44. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $114.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 EPS 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 business had revenue of $915.50 million during the quarter, compared to analyst estimates of $908.93 million. During the same quarter last year, the firm posted $1.28 earnings per share. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities research analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EEFT has been the subject of several recent research reports. Needham & Company LLC reduced their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday, April 25th. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $123.83.

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.