Seven Eight Capital LP Takes Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Seven Eight Capital LP bought a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFTFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,756 shares of the business services provider’s stock, valued at approximately $990,000.

Several other large investors have also modified their holdings of EEFT. Norges Bank acquired a new position in shares of Euronet Worldwide in the 4th quarter valued at $54,947,000. Burgundy Asset Management Ltd. purchased a new stake in Euronet Worldwide in the 3rd quarter valued at $35,309,000. Kodai Capital Management LP purchased a new stake in Euronet Worldwide in the 4th quarter valued at $23,728,000. Voss Capital LLC raised its position in Euronet Worldwide by 52.8% in the 4th quarter. Voss Capital LLC now owns 565,256 shares of the business services provider’s stock valued at $57,368,000 after purchasing an additional 195,404 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in Euronet Worldwide in the 3rd quarter valued at $11,744,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

Euronet Worldwide stock opened at $112.49 on Monday. Euronet Worldwide, Inc. has a 1 year low of $73.84 and a 1 year high of $121.06. The firm has a 50 day moving average price of $109.80 and a 200 day moving average price of $104.57. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 19.80 and a beta of 1.47. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.33 and a current ratio of 1.33.

Euronet Worldwide (NASDAQ:EEFTGet Free Report) last released its earnings results on Tuesday, April 30th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.25. Euronet Worldwide had a net margin of 7.63% and a return on equity of 26.71%. The firm had revenue of $857.00 million during the quarter, compared to the consensus estimate of $837.85 million. Sell-side analysts predict that Euronet Worldwide, Inc. will post 7.82 earnings per share for the current year.

Analyst Ratings Changes

EEFT has been the subject of several research reports. Wolfe Research upgraded shares of Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Friday, May 17th. 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 objective for the company. Citigroup upped their price objective on shares of Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Finally, Needham & Company LLC increased their price objective on shares of Euronet Worldwide from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $123.56.

View Our Latest Stock Report on Euronet Worldwide

Euronet Worldwide Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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