Nisa Investment Advisors LLC Buys 9,857 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Nisa Investment Advisors LLC increased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 794.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 11,097 shares of the business services provider's stock after buying an additional 9,857 shares during the period. Nisa Investment Advisors LLC's holdings in Euronet Worldwide were worth $1,186,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its stake in shares of Euronet Worldwide by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 4,833 shares of the business services provider's stock worth $516,000 after acquiring an additional 120 shares during the period. Fifth Third Bancorp lifted its holdings in Euronet Worldwide by 6.8% in the 1st quarter. Fifth Third Bancorp now owns 1,929 shares of the business services provider's stock worth $206,000 after purchasing an additional 123 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Euronet Worldwide by 4.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,492 shares of the business services provider's stock worth $373,000 after purchasing an additional 147 shares during the period. Xponance Inc. grew its holdings in Euronet Worldwide by 3.6% during the 4th quarter. Xponance Inc. now owns 4,790 shares of the business services provider's stock valued at $493,000 after buying an additional 166 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Euronet Worldwide by 2.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider's stock valued at $768,000 after buying an additional 169 shares during the last quarter. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Trading Up 1.0%

EEFT traded up $1.04 during trading on Thursday, reaching $101.06. The company had a trading volume of 356,716 shares, compared to its average volume of 369,636. 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 business has a 50 day simple moving average of $106.47 and a 200-day simple moving average of $102.39. The stock has a market cap of $4.37 billion, a P/E ratio of 14.97, a PEG ratio of 0.74 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.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released 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. The firm had revenue of $915.50 million during the quarter, compared to analysts' expectations of $908.93 million. Euronet Worldwide had a net margin of 7.88% and a return on equity of 26.97%. The firm's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 EPS. On average, equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in 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 dropped their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday, April 25th. Oppenheimer lifted their target price on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods dropped their price target on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Three 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $126.86.

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.