Oppenheimer & Co. Inc. Makes New Investment in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Oppenheimer & Co. Inc. purchased a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFTGet Rating) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,550 shares of the business services provider’s stock, valued at approximately $202,000.

Other hedge funds have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Euronet Worldwide in the 1st quarter valued at approximately $211,000. Crossmark Global Holdings Inc. purchased a new position in Euronet Worldwide in the first quarter worth approximately $560,000. Argent Capital Management LLC increased its stake in Euronet Worldwide by 8.5% during the first quarter. Argent Capital Management LLC now owns 12,470 shares of the business services provider’s stock worth $1,623,000 after acquiring an additional 978 shares during the last quarter. Country Club Bank GFN purchased a new stake in Euronet Worldwide in the first quarter valued at $556,000. Finally, Profund Advisors LLC acquired a new position in shares of Euronet Worldwide in the 1st quarter valued at $386,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Euronet Worldwide Stock Up 1.8 %

Shares of NASDAQ EEFT opened at $88.18 on Thursday. The stock has a market cap of $4.37 billion, a P/E ratio of 34.45 and a beta of 1.34. The business’s fifty day simple moving average is $97.29 and its 200-day simple moving average is $112.12. Euronet Worldwide, Inc. has a 12-month low of $84.79 and a 12-month high of $149.92. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.61.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EEFT shares. Citigroup reduced their price objective on shares of Euronet Worldwide from $170.00 to $145.00 in a report on Sunday, July 24th. DA Davidson decreased their price objective on shares of Euronet Worldwide from $170.00 to $150.00 in a report on Friday, July 29th. Wolfe Research downgraded shares of Euronet Worldwide from an “outperform” rating to a “peer perform” rating in a report on Friday, July 29th. UBS Group decreased their price target on Euronet Worldwide from $174.00 to $158.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Finally, Needham & Company LLC dropped their price objective on Euronet Worldwide from $190.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $148.29.

Euronet Worldwide Profile

(Get Rating)

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers, and individual consumers worldwide. The company's 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 card outsourcing, card issuing, and merchant acquiring services.

See Also

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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