Rhumbline Advisers Has $16.21 Million Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Rhumbline Advisers lifted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 144,822 shares of the business services provider’s stock after buying an additional 2,166 shares during the quarter. Rhumbline Advisers owned about 0.29% of Euronet Worldwide worth $16,206,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. grew its position in shares of Euronet Worldwide by 35.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 20,374 shares of the business services provider’s stock worth $1,923,000 after buying an additional 5,301 shares during the period. Clearbridge Investments LLC grew its position in shares of Euronet Worldwide by 0.4% during the 4th quarter. Clearbridge Investments LLC now owns 526,978 shares of the business services provider’s stock worth $49,736,000 after buying an additional 2,008 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Euronet Worldwide during the 1st quarter worth approximately $91,000. Symphony Financial Ltd. Co. acquired a new stake in shares of Euronet Worldwide during the 1st quarter worth approximately $473,000. Finally, Virtu Financial LLC acquired a new stake in shares of Euronet Worldwide during the 1st quarter worth approximately $450,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Euronet Worldwide Price Performance

EEFT opened at $87.36 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $4.34 billion, a price-to-earnings ratio of 16.81 and a beta of 1.28. The firm’s fifty day moving average price is $100.72 and its two-hundred day moving average price is $106.91. Euronet Worldwide, Inc. has a 1 year low of $71.60 and a 1 year high of $121.55.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Tuesday, July 25th. The business services provider reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.03. The company had revenue of $939.10 million for the quarter, compared to the consensus estimate of $922.29 million. Euronet Worldwide had a net margin of 7.77% and a return on equity of 24.92%. As a group, analysts anticipate that Euronet Worldwide, Inc. will post 6.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on EEFT shares. StockNews.com assumed coverage on shares of Euronet Worldwide in a research note on Thursday, August 17th. They set a “hold” rating for the company. Citigroup decreased their price target on shares of Euronet Worldwide from $119.00 to $93.00 and set a “neutral” rating for the company in a research note on Tuesday, August 8th. 22nd Century Group restated a “maintains” rating on shares of Euronet Worldwide in a research note on Friday, May 19th. TheStreet lowered shares of Euronet Worldwide from a “b-” rating to a “c+” rating in a research note on Thursday, August 10th. Finally, Needham & Company LLC decreased their price target on shares of Euronet Worldwide from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Euronet Worldwide presently has a consensus rating of “Hold” and a consensus price target of $111.38.

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 card outsourcing, card issuing, and merchant acquiring services.