Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Bought by WCM Investment Management LLC

WCM Investment Management LLC raised its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 142,516 shares of the business services provider's stock after purchasing an additional 11,891 shares during the period. WCM Investment Management LLC owned 0.31% of Euronet Worldwide worth $14,612,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EEFT. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Euronet Worldwide in the 1st quarter valued at $211,000. Bank of Montreal Can increased its position in shares of Euronet Worldwide by 39.2% in the 1st quarter. Bank of Montreal Can now owns 12,604 shares of the business services provider's stock valued at $1,587,000 after acquiring an additional 3,549 shares during the period. Rhumbline Advisers increased its position in shares of Euronet Worldwide by 169.2% in the 1st quarter. Rhumbline Advisers now owns 140,005 shares of the business services provider's stock valued at $18,222,000 after acquiring an additional 87,988 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Euronet Worldwide in the 1st quarter valued at $2,521,000. Finally, Great West Life Assurance Co. Can increased its position in shares of Euronet Worldwide by 886.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 28,734 shares of the business services provider's stock valued at $3,844,000 after acquiring an additional 25,821 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Euronet Worldwide Price Performance

Shares of EEFT stock traded down $2.01 during mid-day trading on Friday, hitting $104.16. 228,040 shares of the stock were exchanged, compared to its average volume of 243,387. The firm has a fifty day moving average of $107.96 and a 200 day moving average of $95.87. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.37. Euronet Worldwide, Inc. has a 52-week low of $73.84 and a 52-week high of $121.55. The company has a market cap of $4.78 billion, a PE ratio of 18.87 and a beta of 1.39.

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