5,649 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Bought by Cooper Financial Group

Cooper Financial Group purchased a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 5,649 shares of the business services provider’s stock, valued at approximately $621,000.

Several other institutional investors have also made changes to their positions in the company. Kodai Capital Management LP bought a new position in shares of Euronet Worldwide during the 4th quarter valued at $23,728,000. Mawer Investment Management Ltd. boosted its stake in shares of 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 acquiring an additional 18,262 shares in the last quarter. Granahan Investment Management LLC increased its holdings in shares of 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 valued at $22,435,000 after acquiring an additional 16,358 shares during the last quarter. SkyView Investment Advisors LLC raised its stake in shares of Euronet Worldwide by 5.5% in the 3rd 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 in the last quarter. Finally, Crosslink Capital Inc. lifted its holdings in Euronet Worldwide by 26.4% in the 4th quarter. Crosslink Capital Inc. now owns 294,211 shares of the business services provider’s stock worth $29,859,000 after purchasing an additional 61,480 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Trading Up 2.2 %

Shares of Euronet Worldwide stock opened at $110.22 on Monday. Euronet Worldwide, Inc. has a 52-week low of $73.84 and a 52-week high of $121.06. The firm has a market capitalization of $5.05 billion, a PE ratio of 19.40 and a beta of 1.47. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.33 and a quick ratio of 1.33. The company’s fifty day moving average price is $110.03 and its two-hundred day moving average price is $106.00.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Tuesday, April 30th. The business services provider reported $1.02 earnings per share for the quarter, beating 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 business had revenue of $857.00 million for the quarter, compared to analysts’ expectations of $837.85 million. On average, analysts expect that Euronet Worldwide, Inc. will post 7.82 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EEFT. Needham & Company LLC lifted their price target on shares of Euronet Worldwide from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Wolfe Research upgraded shares of Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a report on Friday, May 17th. Citigroup raised their price target on Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Evercore ISI boosted their price objective on Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, Keefe, Bruyette & Woods raised their target price on Euronet Worldwide from $115.00 to $116.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Euronet Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $123.56.

Euronet Worldwide 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.