Signaturefd LLC Boosts Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Signaturefd LLC grew its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 189.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 258 shares of the business services provider’s stock after buying an additional 169 shares during the quarter. Signaturefd LLC’s holdings in Euronet Worldwide were worth $26,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Voss Capital LLC grew its holdings in shares of Euronet Worldwide by 52.8% during the fourth quarter. Voss Capital LLC now owns 565,256 shares of the business services provider’s stock valued at $57,368,000 after buying an additional 195,404 shares during the last quarter. Lecap Asset Management Ltd. purchased a new stake in shares of Euronet Worldwide during the fourth quarter valued at approximately $566,000. Louisiana State Employees Retirement System purchased a new stake in shares of Euronet Worldwide during the fourth quarter valued at approximately $1,248,000. WCM Investment Management LLC grew its holdings in shares of Euronet Worldwide by 9.1% during the fourth quarter. WCM Investment Management LLC now owns 142,516 shares of the business services provider’s stock valued at $14,612,000 after buying an additional 11,891 shares during the last quarter. Finally, Shaker Investments LLC OH grew its holdings in shares of Euronet Worldwide by 3.0% during the fourth quarter. Shaker Investments LLC OH now owns 29,566 shares of the business services provider’s stock valued at $3,001,000 after buying an additional 848 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

EEFT opened at $110.24 on Friday. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 19.41 and a beta of 1.39. The company has a fifty day moving average of $107.34 and a 200 day moving average of $98.44. Euronet Worldwide, Inc. has a fifty-two week low of $73.84 and a fifty-two week high of $121.55. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.54 and a current ratio of 1.33.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.34. The company had revenue of $957.70 million during the quarter, compared to analysts’ expectations of $844.59 million. Euronet Worldwide had a net margin of 7.63% and a return on equity of 26.71%. Euronet Worldwide’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the company posted $1.12 earnings per share. As a group, sell-side analysts forecast that Euronet Worldwide, Inc. will post 7.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EEFT shares. Evercore ISI raised their target price on shares of Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Needham & Company LLC raised their target price on shares of Euronet Worldwide from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup upgraded shares of Euronet Worldwide from a “neutral” rating to a “buy” rating and raised their target price for the stock from $116.00 to $120.00 in a report on Monday, April 22nd. William Blair restated an “outperform” rating on shares of Euronet Worldwide in a report on Wednesday. Finally, Monness Crespi & Hardt started coverage on shares of Euronet Worldwide in a report on Wednesday, March 20th. They issued a “buy” rating and a $140.00 target price on the stock. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.89.

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.