Nicolet Advisory Services LLC Purchases New Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Nicolet Advisory Services LLC acquired a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,200 shares of the business services provider’s stock, valued at approximately $235,000.

Several other hedge funds have also modified their holdings of EEFT. UMB Bank n.a. raised its position in Euronet Worldwide by 92.3% during the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider’s stock worth $48,000 after acquiring an additional 216 shares during the period. Covestor Ltd raised its position in shares of Euronet Worldwide by 40.9% during the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider’s stock worth $73,000 after purchasing an additional 207 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its stake in Euronet Worldwide by 15,240.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider’s stock valued at $79,000 after buying an additional 762 shares in the last quarter. Versant Capital Management Inc acquired a new stake in Euronet Worldwide in the 1st quarter worth about $97,000. Finally, LRI Investments LLC increased its stake in Euronet Worldwide by 65.0% during the 4th quarter. LRI Investments LLC now owns 1,536 shares of the business services provider’s stock worth $158,000 after buying an additional 605 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $93.90 on Friday. The business’s 50 day moving average price is $104.62 and its 200 day moving average price is $102.48. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.69 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.60 and a current ratio of 1.15. Euronet Worldwide, Inc. has a one year low of $85.24 and a one year high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $2.56 EPS for the quarter, missing the consensus estimate of $2.66 by ($0.10). Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. The firm’s revenue was up 8.9% on a year-over-year basis. On average, research analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods decreased their target price on Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a research report on Friday, April 25th. Needham & Company LLC reduced their price objective 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 lifted their target price on shares of Euronet Worldwide from $135.00 to $137.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Finally, William Blair reiterated 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, the company presently has an average rating of “Moderate Buy” and an average target price of $123.83.

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.