Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Purchased by Legato Capital Management LLC

Legato Capital Management LLC raised its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 180.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,635 shares of the business services provider's stock after purchasing an additional 6,846 shares during the quarter. Legato Capital Management LLC's holdings in Euronet Worldwide were worth $1,136,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in Euronet Worldwide by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider's stock worth $10,155,000 after buying an additional 280 shares during the period. GAMMA Investing LLC increased its stake in Euronet Worldwide by 99.9% during the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock worth $204,000 after buying an additional 953 shares during the period. Asset Management One Co. Ltd. increased its stake in Euronet Worldwide by 211.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider's stock worth $213,000 after buying an additional 1,352 shares during the period. SG Americas Securities LLC increased its stake in Euronet Worldwide by 46.4% during the 1st quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider's stock worth $504,000 after buying an additional 1,496 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Euronet Worldwide during the 1st quarter worth approximately $1,400,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Needham & Company LLC cut 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 note on Friday, April 25th. Keefe, Bruyette & Woods cut their target price 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. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Finally, Oppenheimer increased 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 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $123.83.

Euronet Worldwide Stock Up 0.0%

Shares of Euronet Worldwide stock traded up $0.03 during trading hours on Friday, hitting $103.78. The company had a trading volume of 246,146 shares, compared to its average volume of 329,151. The company's 50-day moving average is $105.50 and its two-hundred day moving average is $102.46. 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. The company has a market cap of $4.49 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 0.77 and a beta of 1.23.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (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 analysts' expectations of $908.93 million. During the same quarter in the prior year, the business posted $1.28 EPS. The company's revenue for the quarter was up 6.8% on a year-over-year basis. Analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

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.