Norwood Investment Partners LP Has $9.92 Million Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Norwood Investment Partners LP increased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 54.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 92,828 shares of the business services provider's stock after acquiring an additional 32,900 shares during the period. Euronet Worldwide comprises about 8.9% of Norwood Investment Partners LP's portfolio, making the stock its 6th biggest position. Norwood Investment Partners LP owned about 0.21% of Euronet Worldwide worth $9,919,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Proficio Capital Partners LLC acquired a new position in Euronet Worldwide during the 4th quarter worth approximately $28,000. UMB Bank n.a. raised 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 period. Covestor Ltd raised 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 period. Aster Capital Management DIFC Ltd raised 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 period. Finally, Versant Capital Management Inc purchased a new position in Euronet Worldwide in the first quarter valued at approximately $97,000. 91.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EEFT has been the topic of several research analyst reports. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Oppenheimer raised their price target on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods cut their price target on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a report on Friday, April 25th. Finally, Needham & Company LLC cut their price target on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $123.83.

Euronet Worldwide Price Performance

NASDAQ:EEFT traded up $0.03 during trading hours on Friday, hitting $103.78. 246,146 shares of the company's stock traded hands, compared to its average volume of 329,151. The firm has a market cap of $4.49 billion, a P/E ratio of 15.37, a P/E/G ratio of 0.77 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 business's fifty day simple moving average is $105.50 and its two-hundred day simple moving average is $102.46. 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 posted 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 company 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%. The firm's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $1.28 earnings per share. On average, research analysts anticipate 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.