IFP Advisors Inc Raises Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

IFP Advisors Inc lifted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1,797.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,448 shares of the business services provider’s stock after buying an additional 2,319 shares during the period. IFP Advisors Inc’s holdings in Euronet Worldwide were worth $262,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EEFT. Foundry Partners LLC raised its position in Euronet Worldwide by 1.4% in the 1st quarter. Foundry Partners LLC now owns 52,917 shares of the business services provider’s stock valued at $5,654,000 after purchasing an additional 714 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in Euronet Worldwide in the first quarter valued at $285,000. Aurora Investment Counsel raised its holdings in shares of Euronet Worldwide by 2.0% in the first quarter. Aurora Investment Counsel now owns 13,460 shares of the business services provider’s stock valued at $1,438,000 after buying an additional 266 shares during the last quarter. CWM LLC boosted its stake in shares of Euronet Worldwide by 242.9% during the first quarter. CWM LLC now owns 10,008 shares of the business services provider’s stock worth $1,069,000 after buying an additional 7,089 shares during the period. Finally, Cerity Partners LLC purchased a new position in shares of Euronet Worldwide during the first quarter worth about $981,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on EEFT. Keefe, Bruyette & Woods reduced their price objective on Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating for the company in a research note on Friday, April 25th. Needham & Company LLC cut their price target on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Oppenheimer increased their price target on Euronet Worldwide from $135.00 to $137.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Finally, William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

Euronet Worldwide Trading Up 0.0%

Shares of EEFT stock opened at $103.78 on Monday. The business’s fifty day moving average price is $105.50 and its 200 day moving average price is $102.47. The firm has a market capitalization of $4.49 billion, a PE ratio of 15.37, a P/E/G ratio of 0.77 and a beta of 1.23. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.60 and a quick ratio of 1.60. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $114.25.

About Euronet Worldwide

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.