Virtu Financial LLC Takes Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Virtu Financial LLC bought a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,819 shares of the business services provider’s stock, valued at approximately $388,000.

Several other large investors also recently modified their holdings of EEFT. Kodai Capital Management LP acquired a new stake in shares of Euronet Worldwide in the fourth quarter valued at $23,728,000. Mawer Investment Management Ltd. grew its holdings in Euronet Worldwide by 65.3% during the fourth quarter. Mawer Investment Management Ltd. now owns 46,213 shares of the business services provider’s stock valued at $4,690,000 after purchasing an additional 18,262 shares during the period. Granahan Investment Management LLC increased its stake in Euronet Worldwide by 8.0% in the fourth quarter. Granahan Investment Management LLC now owns 221,061 shares of the business services provider’s stock valued at $22,435,000 after purchasing an additional 16,358 shares in the last quarter. SkyView Investment Advisors LLC increased its position in shares of Euronet Worldwide by 5.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,572 shares of the business services provider’s stock valued at $283,000 after buying an additional 186 shares in the last quarter. Finally, Crosslink Capital Inc. grew its stake in Euronet Worldwide by 26.4% in the fourth quarter. Crosslink Capital Inc. now owns 294,211 shares of the business services provider’s stock valued at $29,859,000 after acquiring an additional 61,480 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EEFT has been the subject of several research reports. Evercore ISI increased their price objective on shares of Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Citigroup raised their target price on shares of Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Wolfe Research raised shares of Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Friday, May 17th. Keefe, Bruyette & Woods lifted their target price on Euronet Worldwide from $115.00 to $116.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Finally, William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $123.56.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $105.99 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average is $109.87 and its 200-day moving average is $105.61. Euronet Worldwide, Inc. has a 1-year low of $73.84 and a 1-year high of $121.06. The firm has a market cap of $4.86 billion, a P/E ratio of 18.66 and a beta of 1.47.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Tuesday, April 30th. The business services provider reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.25. Euronet Worldwide had a net margin of 7.63% and a return on equity of 26.71%. The company had revenue of $857.00 million during the quarter, compared to analysts’ expectations of $837.85 million. Equities research analysts predict that Euronet Worldwide, Inc. will post 7.82 earnings per share 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.