Euronet Worldwide, Inc. (NASDAQ:EEFT) Stock Position Decreased by Meritage Portfolio Management

Meritage Portfolio Management decreased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 2.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,097 shares of the business services provider's stock after selling 2,582 shares during the quarter. Euronet Worldwide comprises approximately 0.9% of Meritage Portfolio Management's holdings, making the stock its 29th biggest holding. Meritage Portfolio Management owned approximately 0.29% of Euronet Worldwide worth $13,260,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Janus Henderson Group PLC lifted its holdings in shares of Euronet Worldwide by 1.5% during the 4th quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider's stock valued at $142,575,000 after acquiring an additional 20,805 shares in the last quarter. Burgundy Asset Management Ltd. lifted 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 worth $112,743,000 after buying an additional 190,453 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Euronet Worldwide by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock worth $84,512,000 after buying an additional 24,569 shares in the last quarter. Reinhart Partners LLC. lifted 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 worth $78,896,000 after buying an additional 111,234 shares in the last quarter. Finally, Wasatch Advisors LP lifted its holdings in Euronet Worldwide by 1.0% in the 4th quarter. Wasatch Advisors LP now owns 723,785 shares of the business services provider's stock worth $74,434,000 after buying an additional 7,246 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Euronet Worldwide Stock Up 1.6%

Shares of EEFT traded up $1.64 during midday trading on Friday, hitting $106.94. The company had a trading volume of 265,013 shares, compared to its average volume of 372,153. The company's 50 day moving average price is $106.10 and its 200 day moving average price is $102.41. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.79 and a beta of 1.23. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $114.25. 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 released its earnings results 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 company 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.28 EPS. On average, equities research analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on EEFT shares. 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 report on Wednesday. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Needham & Company LLC cut their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.