2,200 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Purchased by nVerses Capital LLC

nVerses Capital LLC bought a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,200 shares of the business services provider’s stock, valued at approximately $228,000.

Other institutional investors have also recently bought and sold shares of the company. Kodai Capital Management LP acquired a new stake in shares of Euronet Worldwide in the fourth quarter valued at approximately $23,728,000. Mawer Investment Management Ltd. lifted its position in Euronet Worldwide by 65.3% during the 4th quarter. Mawer Investment Management Ltd. now owns 46,213 shares of the business services provider’s stock worth $4,690,000 after buying an additional 18,262 shares in the last quarter. Granahan Investment Management LLC lifted its position in Euronet Worldwide by 8.0% during the 4th quarter. Granahan Investment Management LLC now owns 221,061 shares of the business services provider’s stock worth $22,435,000 after buying an additional 16,358 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Euronet Worldwide by 4.5% during the 1st quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider’s stock worth $62,337,000 after buying an additional 24,566 shares during the last quarter. Finally, LSV Asset Management bought a new position in shares of Euronet Worldwide in the 1st quarter valued at about $1,638,000. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Up 0.9 %

EEFT opened at $107.91 on Monday. The stock has a fifty day moving average of $102.29 and a 200-day moving average of $106.89. The company has a market capitalization of $4.85 billion, a P/E ratio of 19.00 and a beta of 1.45. Euronet Worldwide, Inc. has a fifty-two week low of $73.84 and a fifty-two week high of $117.66. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.21. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The business had revenue of $986.20 million during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company earned $1.84 EPS. The business’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that Euronet Worldwide, Inc. will post 7.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wolfe Research upgraded Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a report on Friday, May 17th. Citigroup upped their price objective on Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price target on shares of Euronet Worldwide in a research note on Monday, July 22nd. Finally, Monness Crespi & Hardt lifted their price objective on shares of Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.11.

Insider Activity at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell acquired 3,206 shares of the company’s stock in a transaction on Monday, August 5th. The stock was purchased at an average cost of $93.86 per share, with a total value of $300,915.16. Following the acquisition, the director now directly owns 90,000 shares of the company’s stock, valued at $8,447,400. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 10.50% of the stock is currently owned by corporate insiders.

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.