Capstone Investment Advisors LLC Acquires New Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Capstone Investment Advisors LLC bought a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 9,085 shares of the business services provider’s stock, valued at approximately $999,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its holdings in Euronet Worldwide by 62.3% in the first quarter. Janney Montgomery Scott LLC now owns 3,294 shares of the business services provider’s stock valued at $362,000 after purchasing an additional 1,265 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Euronet Worldwide by 2.0% in the first quarter. Principal Financial Group Inc. now owns 165,479 shares of the business services provider’s stock valued at $18,191,000 after purchasing an additional 3,283 shares in the last quarter. Meritage Portfolio Management acquired a new position in Euronet Worldwide in the first quarter valued at approximately $10,450,000. Shaker Investments LLC OH boosted its holdings in Euronet Worldwide by 5.6% in the first quarter. Shaker Investments LLC OH now owns 31,210 shares of the business services provider’s stock valued at $3,431,000 after purchasing an additional 1,644 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its holdings in Euronet Worldwide by 2.4% in the first quarter. New York State Teachers Retirement System now owns 20,582 shares of the business services provider’s stock valued at $2,263,000 after purchasing an additional 479 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Stock Down 0.8 %

NASDAQ EEFT traded down $0.86 on Friday, reaching $102.11. The stock had a trading volume of 568,389 shares, compared to its average volume of 329,120. The business has a 50 day moving average price of $110.34 and a 200 day moving average price of $106.65. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.01. Euronet Worldwide, Inc. has a 1 year low of $73.84 and a 1 year high of $121.06. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 17.98 and a beta of 1.45.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.25. The business had revenue of $857.00 million for the quarter, compared to analyst estimates of $837.85 million. Euronet Worldwide had a return on equity of 26.71% and a net margin of 7.63%. On average, analysts forecast that Euronet Worldwide, Inc. will post 7.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EEFT. Needham & Company LLC upped their price target on Euronet Worldwide from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. DA Davidson increased their price objective on Euronet Worldwide from $126.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Monness Crespi & Hardt started coverage on Euronet Worldwide in a research report on Wednesday, March 20th. They issued a “buy” rating and a $140.00 price objective for the company. Evercore ISI increased 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, Wolfe Research upgraded Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.56.

About Euronet Worldwide

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.