Nisa Investment Advisors LLC Raises Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Nisa Investment Advisors LLC grew its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 794.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,097 shares of the business services provider's stock after acquiring 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 institutional investors and hedge funds have also recently modified their holdings of EEFT. Janus Henderson Group PLC boosted its stake in shares of Euronet Worldwide by 1.5% during the fourth quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider's stock valued at $142,575,000 after purchasing an additional 20,805 shares in the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of Euronet Worldwide by 21.0% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider's stock valued at $112,743,000 after purchasing an additional 190,453 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Euronet Worldwide by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock valued at $84,512,000 after purchasing an additional 24,569 shares in the last quarter. Reinhart Partners LLC. boosted its stake in shares of Euronet Worldwide by 17.7% during the first quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider's stock valued at $78,896,000 after purchasing an additional 111,234 shares in the last quarter. Finally, Wasatch Advisors LP boosted its stake in shares of Euronet Worldwide by 1.0% during the fourth quarter. Wasatch Advisors LP now owns 723,785 shares of the business services provider's stock valued at $74,434,000 after purchasing an additional 7,246 shares in the last quarter. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Stock Performance

Shares of EEFT traded down $1.40 during trading hours on Friday, reaching $99.67. 89,418 shares of the company traded hands, compared to its average volume of 425,343. The stock has a market capitalization of $4.31 billion, a P/E ratio of 14.77, a P/E/G ratio of 0.74 and a beta of 1.23. 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 12-month low of $85.24 and a 12-month high of $114.25. The business has a fifty day moving average price of $106.35 and a 200-day moving average price of $102.38.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Oppenheimer increased their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods decreased their target price on shares of 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. Needham & Company LLC decreased their target price on shares of 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, William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Three 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $126.86.

Euronet Worldwide 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.