Norwood Investment Partners LP Purchases Shares of 79,609 Euronet Worldwide, Inc. (NASDAQ:EEFT)

Norwood Investment Partners LP acquired a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 79,609 shares of the business services provider's stock, valued at approximately $8,080,000. Euronet Worldwide makes up 5.6% of Norwood Investment Partners LP's investment portfolio, making the stock its 8th largest position. Norwood Investment Partners LP owned about 0.17% of Euronet Worldwide as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van Berkom & Associates Inc. grew its position in shares of Euronet Worldwide by 48.6% in the third quarter. Van Berkom & Associates Inc. now owns 1,069,693 shares of the business services provider's stock valued at $84,912,000 after purchasing an additional 349,720 shares during the last quarter. Voss Capital LLC raised its holdings in shares of Euronet Worldwide by 52.8% in the fourth quarter. Voss Capital LLC now owns 565,256 shares of the business services provider's stock worth $57,368,000 after acquiring an additional 195,404 shares during the last quarter. Reinhart Partners LLC. raised its holdings in shares of Euronet Worldwide by 14.7% in the fourth quarter. Reinhart Partners LLC. now owns 533,825 shares of the business services provider's stock worth $54,178,000 after acquiring an additional 68,596 shares during the last quarter. Burgundy Asset Management Ltd. purchased a new stake in shares of Euronet Worldwide in the third quarter valued at $35,309,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Euronet Worldwide by 16.8% during the third quarter. Envestnet Asset Management Inc. now owns 162,924 shares of the business services provider's stock valued at $12,933,000 after acquiring an additional 23,455 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on EEFT. Keefe, Bruyette & Woods upped their target price on shares of Euronet Worldwide from $115.00 to $116.00 and gave the company a "market perform" rating in a report on Thursday, May 2nd. Needham & Company LLC lifted their target price on shares of Euronet Worldwide from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, May 2nd. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research note on Wednesday, May 1st. StockNews.com raised Euronet Worldwide from a "hold" rating to a "buy" rating in a research report on Thursday, February 15th. Finally, Monness Crespi & Hardt assumed coverage on Euronet Worldwide in a research note on Wednesday, March 20th. They issued a "buy" rating and a $140.00 target price for the company. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $121.89.

Euronet Worldwide Trading Down 0.2 %

NASDAQ:EEFT traded down $0.21 on Friday, hitting $114.08. 204,060 shares of the stock were exchanged, compared to its average volume of 295,472. The stock has a fifty day moving average of $107.79 and a 200-day moving average of $99.90. The stock has a market cap of $5.23 billion, a PE ratio of 20.08 and a beta of 1.39. The company has a current ratio of 1.33, a quick ratio of 1.54 and a debt-to-equity ratio of 1.01. Euronet Worldwide, Inc. has a fifty-two week low of $73.84 and a fifty-two week high of $121.55.

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 analysts' consensus estimates of $1.54 by $0.34. Euronet Worldwide had a net margin of 7.63% and a return on equity of 26.71%. The firm had revenue of $957.70 million during the quarter, compared to the consensus estimate of $844.59 million. During the same quarter in the prior year, the company earned $1.12 EPS. The company's revenue was up 10.6% on a year-over-year basis. As a group, equities analysts expect that Euronet Worldwide, Inc. will post 7.82 earnings per share for the current fiscal year.

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.