Pallas Capital Advisors LLC Makes New $377,000 Investment in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Pallas Capital Advisors LLC acquired a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,530 shares of the business services provider's stock, valued at approximately $377,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Empowered Funds LLC purchased a new stake in shares of Euronet Worldwide during the fourth quarter worth approximately $780,000. Entropy Technologies LP acquired a new position in Euronet Worldwide in the 4th quarter valued at $402,000. Avidian Wealth Enterprises LLC purchased a new position in Euronet Worldwide during the 4th quarter worth $231,000. New York State Teachers Retirement System raised its position in Euronet Worldwide by 0.8% during the 4th quarter. New York State Teachers Retirement System now owns 23,277 shares of the business services provider's stock worth $2,394,000 after buying an additional 196 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Euronet Worldwide by 10.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 20,788 shares of the business services provider's stock valued at $2,138,000 after acquiring an additional 1,942 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on EEFT shares. Keefe, Bruyette & Woods cut their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a report on Friday, April 25th. Wall Street Zen cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Finally, Needham & Company LLC dropped their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a report 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 stock. According to data from MarketBeat.com, Euronet Worldwide presently has an average rating of "Moderate Buy" and a consensus target price of $125.57.

Euronet Worldwide Price Performance

EEFT stock traded up $0.72 during midday trading on Monday, hitting $108.45. 158,301 shares of the stock were exchanged, compared to its average volume of 371,110. The stock's 50-day moving average price is $103.73 and its 200-day moving average price is $102.56. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 0.78 and a beta of 1.27. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $120.00.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. The firm had revenue of $915.50 million during the quarter, compared to the consensus estimate of $908.93 million. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $1.28 EPS. Research analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current 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.