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

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its position in Euronet Worldwide by 0.3% during the first quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider's stock valued at $10,155,000 after buying an additional 280 shares during the period. GAMMA Investing LLC increased its stake in shares of Euronet Worldwide by 99.9% in the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock valued at $204,000 after purchasing an additional 953 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Euronet Worldwide by 211.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider's stock worth $213,000 after purchasing an additional 1,352 shares during the period. SG Americas Securities LLC lifted its position in shares of 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 valued at $504,000 after buying an additional 1,496 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Euronet Worldwide in the 1st quarter valued at $1,400,000. 91.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Needham & Company LLC reduced their target price on 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 reissued an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Oppenheimer increased their target price 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 target 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. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Euronet Worldwide has a consensus rating of "Moderate Buy" and an average price target of $126.86.

Euronet Worldwide Stock Up 2.8%

NASDAQ EEFT traded up $2.85 during trading hours on Tuesday, hitting $103.87. 303,883 shares of the company were exchanged, compared to its average volume of 363,685. 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 cap of $4.49 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 0.75 and a beta of 1.23. The company has a 50 day moving average of $105.84 and a two-hundred day moving average of $102.36. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $114.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. The business had revenue of $915.50 million during the quarter, compared to the consensus estimate of $908.93 million. Euronet Worldwide had a net margin of 7.88% and a return on equity of 26.97%. The company's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 EPS. Equities research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current 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.