Jackson Creek Investment Advisors LLC Invests $285,000 in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Jackson Creek Investment Advisors LLC purchased a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,663 shares of the business services provider's stock, valued at approximately $285,000.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Euronet Worldwide in the 4th quarter valued at about $53,072,000. GAMMA Investing LLC raised its holdings in Euronet Worldwide by 21,258.8% in the 1st quarter. GAMMA Investing LLC now owns 203,763 shares of the business services provider's stock valued at $21,772,000 after buying an additional 202,809 shares during the period. Burgundy Asset Management Ltd. raised its holdings in Euronet Worldwide by 21.0% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider's stock valued at $112,743,000 after buying an additional 190,453 shares during the period. Voss Capital LP raised its holdings in Euronet Worldwide by 21.9% in the 4th quarter. Voss Capital LP now owns 630,000 shares of the business services provider's stock valued at $64,789,000 after buying an additional 113,236 shares during the period. Finally, Reinhart Partners LLC. raised its holdings in Euronet Worldwide by 17.7% in the 1st quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider's stock valued at $78,896,000 after buying an additional 111,234 shares during the period. Hedge funds and other institutional investors own 91.60% of the company's stock.

Euronet Worldwide Stock Performance

Euronet Worldwide stock opened at $99.50 on Friday. The stock's 50-day moving average is $106.17 and its 200-day moving average is $102.35. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 0.75 and a beta of 1.23. 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, 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 announced its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, meeting the consensus estimate of $1.13. The business had revenue of $915.50 million for the quarter, compared to the consensus estimate of $908.93 million. Euronet Worldwide had a return on equity of 26.97% and a net margin of 7.88%. The company's revenue was up 6.8% on a year-over-year basis. During the same period last year, the business posted $1.28 EPS. Equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Oppenheimer lifted their target price on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Needham & Company LLC lowered their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, April 25th. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lowered their price objective on 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. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.86.

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.

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