GAMMA Investing LLC Buys New Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

GAMMA Investing LLC purchased a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 299 shares of the business services provider’s stock, valued at approximately $30,000.

A number of other hedge funds have also added to or reduced their stakes in EEFT. California Public Employees Retirement System boosted its stake in shares of Euronet Worldwide by 2.1% during the 4th quarter. California Public Employees Retirement System now owns 91,368 shares of the business services provider’s stock valued at $9,273,000 after purchasing an additional 1,838 shares in the last quarter. Signaturefd LLC boosted its position in Euronet Worldwide by 189.9% during the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 169 shares in the last quarter. Voss Capital LLC boosted its position in Euronet Worldwide by 52.8% during the 4th quarter. Voss Capital LLC now owns 565,256 shares of the business services provider’s stock valued at $57,368,000 after acquiring an additional 195,404 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in shares of Euronet Worldwide during the 4th quarter worth approximately $566,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of Euronet Worldwide in the 4th quarter worth approximately $1,248,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Trading Up 3.0 %

NASDAQ:EEFT opened at $110.24 on Monday. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 19.41 and a beta of 1.39. The company has a quick ratio of 1.54, a current ratio of 1.33 and a debt-to-equity ratio of 1.01. The company’s 50 day moving average price is $107.34 and its 200-day moving average price is $98.74. Euronet Worldwide, Inc. has a 52 week low of $73.84 and a 52 week high of $121.55.

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

Analyst Ratings Changes

Several brokerages recently weighed in on EEFT. Evercore ISI upped their price target on Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Monness Crespi & Hardt started coverage on shares of Euronet Worldwide in a research note on Wednesday, March 20th. They issued a “buy” rating and a $140.00 price target for the company. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Keefe, Bruyette & Woods raised their target price on shares of Euronet Worldwide from $115.00 to $116.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, DA Davidson lifted their target price on shares of Euronet Worldwide from $126.00 to $136.00 and gave the company a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $121.89.

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.