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

Moran Wealth Management LLC grew its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 51.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UMB Bank n.a. grew its stake in Euronet Worldwide by 92.3% during the 1st quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock worth $48,000 after buying an additional 216 shares during the last quarter. Covestor Ltd grew its stake in Euronet Worldwide by 40.9% during the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider's stock worth $73,000 after buying an additional 207 shares during the last quarter. Aster Capital Management DIFC Ltd grew its stake in 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 worth $79,000 after buying an additional 762 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock worth $88,000 after buying an additional 709 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new position in Euronet Worldwide during the 1st quarter worth $97,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on EEFT shares. Keefe, Bruyette & Woods dropped their target price 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. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Finally, 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. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Euronet Worldwide has a consensus rating of "Moderate Buy" and a consensus price target of $125.57.

Euronet Worldwide Stock Performance

Shares of EEFT stock traded down $0.44 on Friday, hitting $101.84. The company had a trading volume of 390,628 shares, compared to its average volume of 372,092. The firm has a market cap of $4.40 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 0.76 and a beta of 1.27. The company has a 50-day moving average price of $105.19 and a 200-day moving average price of $102.38. 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, Inc. has a twelve month low of $85.24 and a twelve month 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 (EPS) for the quarter, meeting the consensus estimate of $1.13. The business had revenue of $915.50 million during the quarter, compared to analysts' expectations 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 for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 EPS. As a group, equities research analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal 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.