Blueshift Asset Management LLC Purchases New Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Blueshift Asset Management LLC acquired a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 5,591 shares of the business services provider’s stock, valued at approximately $597,000.

Several other large investors have also bought and sold shares of the company. State of Alaska Department of Revenue lifted its stake in shares of Euronet Worldwide by 2.5% in the 1st quarter. State of Alaska Department of Revenue now owns 4,833 shares of the business services provider’s stock valued at $516,000 after purchasing an additional 120 shares during the period. Fifth Third Bancorp raised its holdings in Euronet Worldwide by 6.8% in the first quarter. Fifth Third Bancorp now owns 1,929 shares of the business services provider’s stock worth $206,000 after purchasing an additional 123 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Euronet Worldwide by 4.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,492 shares of the business services provider’s stock worth $373,000 after purchasing an additional 147 shares in the last quarter. Vise Technologies Inc. lifted its position in Euronet Worldwide by 3.9% during the fourth quarter. Vise Technologies Inc. now owns 4,656 shares of the business services provider’s stock valued at $479,000 after buying an additional 174 shares during the period. Finally, Peapack Gladstone Financial Corp boosted its holdings in shares of Euronet Worldwide by 8.8% during the 4th quarter. Peapack Gladstone Financial Corp now owns 2,228 shares of the business services provider’s stock valued at $229,000 after buying an additional 181 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Stock Performance

EEFT stock opened at $93.90 on Friday. The stock has a market capitalization of $4.06 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 0.72 and a beta of 1.25. The stock’s 50 day simple moving average is $104.62 and its 200 day simple moving average is $102.46. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $114.25. The company has a current ratio of 1.15, a quick ratio of 1.60 and a debt-to-equity ratio of 0.74.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.66 by ($0.10). Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the business earned $2.25 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. As a group, research analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price target on shares of 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. Oppenheimer raised their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Needham & Company LLC cut their target price on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, William Blair reaffirmed an “outperform” rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.83.

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.