XTX Topco Ltd Makes New Investment in Euronet Worldwide, Inc. (NASDAQ:EEFT)

XTX Topco Ltd purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,768 shares of the business services provider's stock, valued at approximately $509,000.

Several other institutional investors and hedge funds have also bought and sold shares of EEFT. UMB Bank n.a. lifted its stake in shares of Euronet Worldwide by 92.3% during the first 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 lifted its stake in shares of Euronet Worldwide by 40.9% during the fourth 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 lifted its stake in shares of Euronet Worldwide by 15,240.0% during the fourth 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. Versant Capital Management Inc acquired a new stake in shares of Euronet Worldwide during the first quarter worth $97,000. Finally, LRI Investments LLC lifted its stake in shares of Euronet Worldwide by 65.0% during the fourth quarter. LRI Investments LLC now owns 1,536 shares of the business services provider's stock worth $158,000 after buying an additional 605 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EEFT. Keefe, Bruyette & Woods lowered 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. Oppenheimer lifted their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. 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 restated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $123.83.

Euronet Worldwide Trading Up 0.3%

NASDAQ EEFT opened at $92.41 on Thursday. The company has a market capitalization of $4.00 billion, a PE ratio of 12.68, a P/E/G ratio of 0.73 and a beta of 1.25. The company has a fifty day moving average of $103.77 and a 200 day moving average of $102.32. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $114.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.60.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.66 by ($0.10). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The company's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.25 earnings per share. Research analysts forecast 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.

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