Meritage Portfolio Management Has $13.26 Million Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Meritage Portfolio Management trimmed its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 124,097 shares of the business services provider's stock after selling 2,582 shares during the quarter. Euronet Worldwide makes up about 0.9% of Meritage Portfolio Management's investment portfolio, making the stock its 29th largest holding. Meritage Portfolio Management owned approximately 0.29% of Euronet Worldwide worth $13,260,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of Euronet Worldwide by 92.3% during 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 last quarter. Covestor Ltd lifted its holdings in shares of Euronet Worldwide by 40.9% during the 4th 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 last quarter. Aster Capital Management DIFC Ltd lifted its holdings in shares of Euronet Worldwide by 15,240.0% during the 4th 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 last quarter. Jones Financial Companies Lllp raised its stake in shares of Euronet Worldwide by 485.6% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after acquiring an additional 709 shares in the last quarter. Finally, Versant Capital Management Inc bought a new position in shares of Euronet Worldwide in the 1st quarter valued at approximately $97,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

Shares of EEFT stock traded up $1.64 during trading hours on Friday, reaching $106.94. 265,013 shares of the company's stock were exchanged, compared to its average volume of 372,153. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $114.25. The stock has a market capitalization of $4.62 billion, a P/E ratio of 15.84, a P/E/G ratio of 0.79 and a beta of 1.23. The business has a fifty day moving average price of $106.10 and a 200-day moving average price of $102.40. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.46.

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

Analyst Upgrades and Downgrades

EEFT has been the topic of a number of recent analyst reports. Needham & Company LLC cut their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Oppenheimer raised their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday. Keefe, Bruyette & Woods cut their price objective on 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. Finally, William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Euronet Worldwide presently has a consensus rating of "Moderate Buy" and an average 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.