Principal Financial Group Inc. Purchases 280 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Principal Financial Group Inc. raised its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 95,039 shares of the business services provider’s stock after buying an additional 280 shares during the quarter. Principal Financial Group Inc. owned about 0.22% of Euronet Worldwide worth $10,155,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EEFT. Proficio Capital Partners LLC purchased a new position in Euronet Worldwide during the fourth quarter valued at $28,000. UMB Bank n.a. boosted its position in shares of Euronet Worldwide by 92.3% during the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider’s stock valued at $48,000 after buying an additional 216 shares during the last quarter. Covestor Ltd boosted its position in shares of Euronet Worldwide by 40.9% during the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider’s stock valued at $73,000 after buying an additional 207 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in Euronet Worldwide by 15,240.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider’s stock worth $79,000 after purchasing an additional 762 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock valued at $88,000 after buying an additional 709 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EEFT shares. Needham & Company LLC cut their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Oppenheimer upped their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. William Blair reiterated an “outperform” rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a research note on Friday, April 25th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.86.

Euronet Worldwide Stock Up 0.0%

Shares of NASDAQ:EEFT opened at $102.73 on Tuesday. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $114.25. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.46. The business’s 50 day moving average is $106.72 and its 200 day moving average is $102.43. The stock has a market cap of $4.44 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 0.76 and a beta of 1.23.

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

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.