Financial Counselors Inc. Purchases New Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Financial Counselors Inc. bought a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,991 shares of the business services provider’s stock, valued at approximately $202,000.

A number of other institutional investors have also recently bought and sold shares of EEFT. Allspring Global Investments Holdings LLC grew its holdings 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 worth $294,500,000 after acquiring an additional 548,457 shares during the period. Norges Bank bought a new position in shares of Euronet Worldwide during the fourth quarter worth $45,866,000. Burgundy Asset Management Ltd. bought a new position in shares of Euronet Worldwide during the third quarter worth $35,309,000. Wasatch Advisors Inc. boosted its position in shares of Euronet Worldwide by 18.5% during the first quarter. Wasatch Advisors Inc. now owns 2,764,637 shares of the business services provider’s stock worth $359,818,000 after purchasing an additional 431,262 shares in the last quarter. Finally, Van Berkom & Associates Inc. boosted its position in shares of Euronet Worldwide by 48.6% during the third quarter. Van Berkom & Associates Inc. now owns 1,069,693 shares of the business services provider’s stock worth $84,912,000 after purchasing an additional 349,720 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Trading Down 1.9 %

Shares of NASDAQ:EEFT opened at $104.16 on Monday. The company’s 50-day moving average price is $107.96 and its two-hundred day moving average price is $95.87. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.54 and a quick ratio of 1.54. Euronet Worldwide, Inc. has a one year low of $73.84 and a one year high of $121.55. The stock has a market capitalization of $4.78 billion, a PE 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 the consensus estimate of $1.54 by $0.34. Euronet Worldwide had a net margin of 7.63% and a return on equity of 25.23%. The firm had revenue of $957.70 million for the quarter, compared to analysts’ expectations of $844.59 million. During the same period in the previous year, the firm posted $1.12 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities analysts forecast that Euronet Worldwide, Inc. will post 7.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Monness Crespi & Hardt assumed coverage on shares of Euronet Worldwide in a research report on Wednesday, March 20th. They set a “buy” rating and a $140.00 price target on the stock. Needham & Company LLC lifted their price target on shares of Euronet Worldwide from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Evercore ISI lifted their price target on shares of Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a research 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 objective on the stock in a research report on Thursday, February 1st. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $116.38.

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.