Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. increased its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 26.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 503 shares of the business services provider’s stock after acquiring an additional 105 shares during the period. First Horizon Advisors Inc.’s holdings in Euronet Worldwide were worth $51,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Signaturefd LLC lifted its position in shares of Euronet Worldwide by 189.9% during the fourth quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after purchasing an additional 169 shares in the last quarter. VisionPoint Advisory Group LLC lifted its holdings in Euronet Worldwide by 101.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock worth $27,000 after buying an additional 171 shares in the last quarter. GAMMA Investing LLC purchased a new position in Euronet Worldwide in the 4th quarter valued at about $30,000. Asset Management One Co. Ltd. grew its stake in shares of Euronet Worldwide by 37.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 698 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 191 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Euronet Worldwide during the third quarter worth about $85,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

EEFT opened at $112.41 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.33 and a debt-to-equity ratio of 1.01. The company’s 50-day moving average price is $107.51 and its 200 day moving average price is $99.19. Euronet Worldwide, Inc. has a fifty-two week low of $73.84 and a fifty-two week high of $121.55. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 19.79 and a beta of 1.39.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.34. The business had revenue of $957.70 million for the quarter, compared to analysts’ expectations of $844.59 million. Euronet Worldwide had a return on equity of 26.71% and a net margin of 7.63%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. As a group, sell-side analysts expect that Euronet Worldwide, Inc. will post 7.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EEFT. DA Davidson raised 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 raised shares of Euronet Worldwide from a “neutral” rating to a “buy” rating and raised their price target for the stock from $116.00 to $120.00 in a research report on Monday, April 22nd. Keefe, Bruyette & Woods upped their price target on shares of Euronet Worldwide from $115.00 to $116.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Needham & Company LLC raised their price objective on shares of Euronet Worldwide from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, Stephens raised shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 target price for the company in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Euronet Worldwide has an average rating of “Moderate Buy” and a consensus price target of $121.89.

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.