AIMZ Investment Advisors LLC Invests $2.33 Million in Euronet Worldwide, Inc. (NASDAQ:EEFT)

AIMZ Investment Advisors LLC purchased a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,925 shares of the business services provider's stock, valued at approximately $2,327,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC increased its stake in Euronet Worldwide by 236.9% in the 1st quarter. Belpointe Asset Management LLC now owns 219 shares of the business services provider's stock worth $25,000 after buying an additional 154 shares during the period. VisionPoint Advisory Group LLC grew its stake in Euronet Worldwide by 101.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider's stock worth $27,000 after acquiring an additional 171 shares in the last quarter. CWM LLC increased its position in shares of Euronet Worldwide by 92.2% during the third quarter. CWM LLC now owns 644 shares of the business services provider's stock worth $51,000 after acquiring an additional 309 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Euronet Worldwide by 37.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 698 shares of the business services provider's stock valued at $72,000 after acquiring an additional 191 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Euronet Worldwide in the third quarter valued at approximately $85,000. 91.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EEFT has been the subject of a number of research analyst reports. StockNews.com raised Euronet Worldwide from a "hold" rating to a "buy" rating in a research report on Thursday, February 15th. Stephens upgraded Euronet Worldwide from an "equal weight" rating to an "overweight" rating and set a $120.00 price objective for the company in a report on Thursday, February 1st. Monness Crespi & Hardt started coverage on shares of Euronet Worldwide in a research note on Wednesday, March 20th. They issued a "buy" rating and a $140.00 price objective for the company. Needham & Company LLC raised their target price on shares of Euronet Worldwide from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, February 7th. Finally, Evercore ISI lifted their price target on Euronet Worldwide from $118.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday, March 26th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $116.38.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock traded up $0.11 on Thursday, reaching $106.17. The company's stock had a trading volume of 366,107 shares, compared to its average volume of 277,473. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $4.87 billion, a P/E ratio of 19.23 and a beta of 1.39. The stock has a 50-day moving average price of $107.93 and a 200-day moving average price of $95.47. Euronet Worldwide, Inc. has a 52-week low of $73.84 and a 52-week high of $121.55.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its earnings results on Wednesday, February 7th. The business services provider reported $1.88 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.34. Euronet Worldwide had a return on equity of 25.23% and a net margin of 7.63%. The business had revenue of $957.70 million during the quarter, compared to analysts' expectations of $844.59 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. The business's revenue was up 10.6% compared to the same quarter last year. Analysts expect that Euronet Worldwide, Inc. will post 7.51 EPS 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.