Wedge Capital Management LLP NC holds a $441,000 stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)
Wedge Capital Management LLP NC increased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT – Get a rating) by 8.3% in the 1st quarter, HoldingsChannel reports. The fund held 3,391 shares of the business services provider after buying an additional 259 shares during the period. Wedge Capital Management LLP NC’s holdings in Euronet Worldwide were worth $441,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently increased or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new equity stake in Euronet Worldwide during Q4 valued at $377,320,000. William Blair Investment Management LLC increased its stake in Euronet Worldwide by 7.5% in the 4th quarter. William Blair Investment Management LLC now owns 2,702,498 shares of the business services provider worth $322,057,000 after purchasing an additional 187,610 shares during the period. Wasatch Advisors Inc. increased its stake in Euronet Worldwide by 25.5% during the 4th quarter. Wasatch Advisors Inc. now owns 2,333,375 shares of the business services provider worth $278,068,000 after purchasing an additional 474,285 shares during the period. American Century Companies Inc. increased its stake in Euronet Worldwide by 51.4% during the 4th quarter. American Century Companies Inc. now owns 1,213,285 shares of the business services provider worth $144,587,000 after purchasing an additional 412,065 shares during the period. Finally, Turtle Creek Asset Management Inc. increased its stake in Euronet Worldwide by 72.0% during the 4th quarter. Turtle Creek Asset Management Inc. now owns 1,179,456 shares of the business services provider worth $140,556,000 after purchasing an additional 493,579 shares during the period. 94.42% of the shares are currently held by institutional investors.
Several research analysts have commented on EEFT shares. Citigroup raised its target price on Euronet Worldwide from $168.00 to $170.00 and gave the stock a “buy” rating in a Friday, June 3 report. StockNews.com began coverage on Euronet Worldwide in a report on Thursday, March 31. They have placed a “holding” rating on the stock. Keefe, Bruyette & Woods began coverage on Euronet Worldwide in a report on Thursday April 21. They set an “outperform” rating and a target price of $164.00 for the stock. Finally, UBS Group began its coverage on Euronet Worldwide in a report on Thursday, March 31. They set a “buy” rating and a target price of $163.00 on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating for the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $174.40.
Shares of NASDAQ:EEFT opened at $107.70 on Friday. The company has a market capitalization of $5.44 billion, a price-earnings ratio of 65.67 and a beta of 1.38. The company has a debt ratio of 1.54, a current ratio of 1.77 and a quick ratio of 1.77. The company’s 50-day moving average is $117.01 and its 200-day moving average is $122.67. Euronet Worldwide, Inc. has a 1 year minimum of $96.30 and a 1 year maximum of $149.92.
Euronet in the world (NASDAQ:EEFT – Get a rating) last reported quarterly earnings data on Tuesday, April 26. The business services provider reported earnings per share (EPS) of $0.51 for the quarter, missing analyst consensus estimates of $0.59 per ($0.08). Euronet Worldwide achieved a net margin of 2.89% and a return on equity of 14.04%. The company posted revenue of $718.50 million in the quarter, compared to analyst estimates of $726.46 million. In the same period a year earlier, the company earned earnings per share of $0.11. The company’s revenue for the quarter increased by 10.1% compared to the same quarter last year. Analysts expect Euronet Worldwide, Inc. to post EPS of 6.49 for the current year.
About Euronet Worldwide (Get a rating)
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers and individual consumers worldwide. The Company’s Electronic Funds 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), credit and debit card outsourcing, card management, merchant acquiring and issuing services.
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