Euronet Worldwide, Inc. (NASDAQ:EEFT) Stake Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 37.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 698 shares of the business services provider’s stock after purchasing an additional 191 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Euronet Worldwide were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of EEFT. Allspring Global Investments Holdings LLC grew its stake in Euronet Worldwide by 17.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,710,006 shares of the business services provider’s stock valued at $294,500,000 after acquiring an additional 548,457 shares in the last quarter. Wasatch Advisors Inc. grew its stake in Euronet Worldwide by 18.5% during the 1st quarter. Wasatch Advisors Inc. now owns 2,764,637 shares of the business services provider’s stock valued at $359,818,000 after acquiring an additional 431,262 shares in the last quarter. Capital Research Global Investors grew its stake in Euronet Worldwide by 10.2% during the 1st quarter. Capital Research Global Investors now owns 1,122,002 shares of the business services provider’s stock valued at $146,029,000 after acquiring an additional 103,786 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in Euronet Worldwide by 48.6% during the 3rd quarter. Van Berkom & Associates Inc. now owns 1,069,693 shares of the business services provider’s stock valued at $84,912,000 after acquiring an additional 349,720 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Euronet Worldwide by 3.1% during the 1st quarter. Geode Capital Management LLC now owns 698,268 shares of the business services provider’s stock valued at $78,136,000 after acquiring an additional 21,301 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EEFT shares. Monness Crespi & Hardt initiated coverage on Euronet Worldwide in a research note on Wednesday, March 20th. They set a “buy” rating and a $140.00 target price on the stock. Needham & Company LLC lifted their price target on Euronet Worldwide from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. 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. Finally, Stephens upgraded Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 price target for the company in a report on Thursday, February 1st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $116.38.

Euronet Worldwide Stock Down 1.9 %

EEFT opened at $104.16 on Monday. The business has a 50 day moving average price of $107.96 and a 200 day moving average price of $95.87. Euronet Worldwide, Inc. has a twelve month low of $73.84 and a twelve month high of $121.55. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.54 and a current ratio of 1.54. The firm has a market cap of $4.78 billion, a P/E ratio of 18.87 and a beta of 1.39.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 EPS for the quarter, topping 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 company had revenue of $957.70 million during the quarter, compared to analyst estimates of $844.59 million. During the same period in the previous year, the company earned $1.12 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Research analysts forecast that Euronet Worldwide, Inc. will post 7.51 EPS for the current year.

Euronet Worldwide Company 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.