Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Bought by Moran Wealth Management LLC

Moran Wealth Management LLC boosted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 51.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,900 shares of the business services provider's stock after acquiring an additional 14,896 shares during the quarter. Moran Wealth Management LLC owned about 0.10% of Euronet Worldwide worth $4,691,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EEFT. Ieq Capital LLC acquired a new stake in Euronet Worldwide during the fourth quarter worth $354,000. Handelsbanken Fonder AB increased its stake in Euronet Worldwide by 15.3% during the fourth quarter. Handelsbanken Fonder AB now owns 11,330 shares of the business services provider's stock worth $1,165,000 after acquiring an additional 1,500 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Euronet Worldwide by 67.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 13,417 shares of the business services provider's stock worth $1,380,000 after acquiring an additional 5,413 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Euronet Worldwide during the fourth quarter worth $28,000. Finally, Hahn Capital Management LLC increased its stake in Euronet Worldwide by 48.0% during the fourth quarter. Hahn Capital Management LLC now owns 105,278 shares of the business services provider's stock worth $10,827,000 after acquiring an additional 34,152 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EEFT shares. William Blair restated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Needham & Company LLC lowered their price target 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. Finally, Keefe, Bruyette & Woods lowered their price target 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 analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $125.57.

Euronet Worldwide Trading Down 0.4%

Shares of EEFT traded down $0.44 during midday trading on Friday, hitting $101.84. 390,628 shares of the stock were exchanged, compared to its average volume of 375,357. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $114.25. The stock has a fifty day simple moving average of $105.19 and a 200 day simple moving average of $102.40. The firm has a market cap of $4.40 billion, a P/E ratio of 15.09, a P/E/G ratio of 0.76 and a beta of 1.27. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.60 and a current ratio of 1.60.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $1.13. The firm had revenue of $915.50 million during the quarter, compared to analyst estimates of $908.93 million. Euronet Worldwide had a return on equity of 26.97% and a net margin of 7.88%. Euronet Worldwide's revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $1.28 earnings per share. On average, research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

About Euronet Worldwide

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.