Zacks Investment Management Takes $6.66 Million Position in Euronet Worldwide, Inc. (EEFT)

Zacks Investment Management bought a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 65,001 shares of the business services provider’s stock, valued at approximately $6,655,000. Zacks Investment Management owned 0.13% of Euronet Worldwide as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. US Bancorp DE raised its position in Euronet Worldwide by 13.7% during the 3rd quarter. US Bancorp DE now owns 12,398 shares of the business services provider’s stock worth $1,243,000 after buying an additional 1,492 shares during the last quarter. Keybank National Association OH bought a new position in shares of Euronet Worldwide during the third quarter worth $236,000. Bank of New York Mellon Corp boosted its position in shares of Euronet Worldwide by 8.9% during the third quarter. Bank of New York Mellon Corp now owns 236,311 shares of the business services provider’s stock worth $23,683,000 after acquiring an additional 19,231 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Euronet Worldwide by 83.1% during the third quarter. PNC Financial Services Group Inc. now owns 10,550 shares of the business services provider’s stock worth $1,057,000 after acquiring an additional 4,788 shares during the last quarter. Finally, Kavar Capital Partners LLC bought a new position in shares of Euronet Worldwide during the third quarter worth $1,091,000. 99.92% of the stock is currently owned by institutional investors.

A number of equities analysts recently weighed in on EEFT shares. Piper Jaffray Companies upped their target price on shares of Euronet Worldwide to $159.00 in a research report on Tuesday, March 5th. Zacks Investment Research upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Thursday, February 14th. DA Davidson increased their price objective on shares of Euronet Worldwide to $152.00 and gave the company a “buy” rating in a research report on Monday, February 11th. SunTrust Banks increased their price objective on shares of Euronet Worldwide to $145.00 and gave the company a “buy” rating in a research report on Monday, February 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $160.00 price objective (up previously from $135.00) on shares of Euronet Worldwide in a research report on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $143.50.

Shares of EEFT traded down $0.96 during midday trading on Wednesday, hitting $139.49. The stock had a trading volume of 1,083 shares, compared to its average volume of 451,497. Euronet Worldwide, Inc. has a 1 year low of $70.67 and a 1 year high of $143.17. The company has a market cap of $7.25 billion, a P/E ratio of 26.15, a P/E/G ratio of 1.58 and a beta of 1.27. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Thursday, February 7th. The business services provider reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.16. Euronet Worldwide had a net margin of 9.18% and a return on equity of 25.05%. The business had revenue of $649.40 million for the quarter, compared to the consensus estimate of $663.82 million. During the same quarter in the prior year, the firm posted $1.13 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts predict that Euronet Worldwide, Inc. will post 6.63 earnings per share for the current fiscal year.

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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. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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