Wasatch Advisors LP Has $64.05 Million Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Wasatch Advisors LP lifted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 582,680 shares of the business services provider’s stock after purchasing an additional 3,346 shares during the period. Wasatch Advisors LP owned 1.27% of Euronet Worldwide worth $64,054,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in EEFT. Kodai Capital Management LP bought a new position in Euronet Worldwide during the fourth quarter valued at about $23,728,000. Mawer Investment Management Ltd. increased its stake 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 acquiring an additional 18,262 shares during the period. Granahan Investment Management LLC increased its stake in Euronet Worldwide by 8.0% during 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 acquiring an additional 16,358 shares during the period. SkyView Investment Advisors LLC increased its stake in Euronet Worldwide by 5.5% during the third quarter. SkyView Investment Advisors LLC now owns 3,572 shares of the business services provider’s stock valued at $283,000 after acquiring an additional 186 shares during the period. Finally, Crosslink Capital Inc. increased its stake in Euronet Worldwide by 26.4% during 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.

Analysts Set New Price Targets

EEFT has been the topic of several analyst reports. William Blair reiterated an “outperform” rating on shares of Euronet Worldwide in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods upped their price objective on Euronet Worldwide from $115.00 to $116.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. DA Davidson upped their price objective on Euronet Worldwide from $126.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Citigroup upped their price objective on Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Finally, Wolfe Research upgraded Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Friday, May 17th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Euronet Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $123.56.

Euronet Worldwide Price Performance

EEFT opened at $103.35 on Wednesday. The company has a fifty day simple moving average of $110.44 and a 200 day simple moving average of $106.66. The stock has a market cap of $4.74 billion, a P/E ratio of 18.20 and a beta of 1.45. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.01. Euronet Worldwide, Inc. has a 12 month low of $73.84 and a 12 month high of $121.06.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.02 EPS for the quarter, topping 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 the consensus estimate of $837.85 million. On average, research analysts expect that Euronet Worldwide, Inc. will post 7.82 EPS 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.