Asset Management One Co. Ltd. Purchases 1,352 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Asset Management One Co. Ltd. lifted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 211.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,991 shares of the business services provider’s stock after purchasing an additional 1,352 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Euronet Worldwide were worth $213,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of Euronet Worldwide by 46.4% in the 1st quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider’s stock worth $504,000 after purchasing an additional 1,496 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Euronet Worldwide in the 4th quarter worth about $215,000. Dimensional Fund Advisors LP grew its holdings in shares of Euronet Worldwide by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider’s stock worth $84,512,000 after purchasing an additional 24,569 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Euronet Worldwide by 65.0% in the 4th quarter. Deutsche Bank AG now owns 5,643 shares of the business services provider’s stock worth $580,000 after purchasing an additional 2,223 shares during the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of Euronet Worldwide by 0.8% in the 4th quarter. HighTower Advisors LLC now owns 25,883 shares of the business services provider’s stock worth $2,662,000 after purchasing an additional 209 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Analysts Set New Price Targets

EEFT has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a report on Friday, April 25th. William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Finally, Needham & Company LLC decreased their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $125.57.

Euronet Worldwide Stock Down 0.5%

Shares of NASDAQ EEFT opened at $101.38 on Tuesday. The firm has a market capitalization of $4.38 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 0.76 and a beta of 1.27. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.46. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $114.25. The firm’s 50-day moving average is $105.38 and its 200-day moving average is $102.36.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.13. The company had revenue of $915.50 million for the quarter, compared to analyst estimates of $908.93 million. Euronet Worldwide had a net margin of 7.88% and a return on equity of 26.97%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 EPS. Equities analysts expect that Euronet Worldwide, Inc. will post 9.11 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.