Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 25,878 shares of the business services provider's stock, valued at approximately $2,765,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of Euronet Worldwide as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. State of Alaska Department of Revenue boosted its holdings in Euronet Worldwide by 2.5% during the 1st 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 last quarter. Fifth Third Bancorp grew its position in Euronet Worldwide by 6.8% during the first quarter. Fifth Third Bancorp now owns 1,929 shares of the business services provider's stock valued at $206,000 after buying an additional 123 shares during the period. Oppenheimer Asset Management Inc. grew its position in Euronet Worldwide by 4.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,492 shares of the business services provider's stock valued at $373,000 after buying an additional 147 shares during the period. Vise Technologies Inc. grew its position in Euronet Worldwide by 3.9% during the fourth quarter. Vise Technologies Inc. now owns 4,656 shares of the business services provider's stock valued at $479,000 after buying an additional 174 shares during the period. Finally, Peapack Gladstone Financial Corp grew its position in Euronet Worldwide by 8.8% during the fourth quarter. Peapack Gladstone Financial Corp now owns 2,228 shares of the business services provider's stock valued at $229,000 after buying an additional 181 shares during the period. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Price Performance

EEFT traded down $3.28 on Friday, reaching $93.90. The company had a trading volume of 602,595 shares, compared to its average volume of 386,450. The business has a 50 day simple moving average of $104.62 and a 200 day simple moving average of $102.46. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 0.72 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.60 and a current ratio of 1.15. 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 issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $2.56 EPS for the quarter, missing analysts' consensus estimates of $2.66 by ($0.10). Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the business earned $2.25 earnings per share. The firm's revenue was up 8.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Needham & Company LLC reduced their price target 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. Oppenheimer increased their price target on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. William Blair restated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of 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 research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Euronet Worldwide has an average rating of "Moderate Buy" and an average price target of $123.83.

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.