13,100 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,100 shares of the business services provider's stock, valued at approximately $1,400,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in shares of Euronet Worldwide during the 4th quarter valued at about $28,000. Jones Financial Companies Lllp boosted its position in shares of Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after acquiring an additional 709 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Euronet Worldwide by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 566,002 shares of the business services provider's stock valued at $58,208,000 after acquiring an additional 8,015 shares in the last quarter. Cornerstone Investment Partners LLC boosted its position in shares of Euronet Worldwide by 4.4% during the 4th quarter. Cornerstone Investment Partners LLC now owns 5,868 shares of the business services provider's stock valued at $603,000 after acquiring an additional 248 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Euronet Worldwide by 2.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider's stock valued at $768,000 after acquiring an additional 169 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT traded up $1.64 during trading on Friday, reaching $106.94. The company had a trading volume of 265,013 shares, compared to its average volume of 372,938. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $114.25. The stock has a market cap of $4.62 billion, a PE ratio of 15.84, a PEG ratio of 0.79 and a beta of 1.23. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.60 and a current ratio of 1.60. The business's 50 day moving average price is $106.10 and its 200-day moving average price is $102.40.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EEFT shares. Keefe, Bruyette & Woods reduced their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Needham & Company LLC reduced their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Oppenheimer boosted 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. Finally, William Blair restated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given 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 price target of $126.86.

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.