ClariVest Asset Management LLC Raises Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

ClariVest Asset Management LLC boosted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 127.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 21,492 shares of the business services provider’s stock after purchasing an additional 12,059 shares during the quarter. ClariVest Asset Management LLC’s holdings in Euronet Worldwide were worth $2,363,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Signaturefd LLC boosted its holdings in shares of Euronet Worldwide by 189.9% during the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 169 shares during the last quarter. VisionPoint Advisory Group LLC boosted its holdings in shares of Euronet Worldwide by 101.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 171 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Euronet Worldwide during the 4th quarter valued at about $30,000. Quadrant Capital Group LLC lifted its holdings in shares of Euronet Worldwide by 242.7% in the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 250 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Euronet Worldwide by 26.4% in the 4th quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Monness Crespi & Hardt assumed coverage on shares of Euronet Worldwide in a report on Wednesday, March 20th. They issued a “buy” rating and a $140.00 price target for the company. Citigroup increased their price target on shares of Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Needham & Company LLC increased their price target on shares of Euronet Worldwide from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Keefe, Bruyette & Woods increased 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. Finally, William Blair reaffirmed an “outperform” rating on shares of Euronet Worldwide in a report on Wednesday, May 1st. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $123.56.

Euronet Worldwide Trading Up 0.5 %

NASDAQ EEFT traded up $0.50 during trading on Friday, hitting $103.27. The stock had a trading volume of 379,175 shares, compared to its average volume of 380,902. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 18.18 and a beta of 1.45. Euronet Worldwide, Inc. has a one year low of $73.84 and a one year high of $121.06. The stock has a 50 day simple moving average of $109.94 and a 200 day simple moving average of $106.69.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Tuesday, April 30th. The business services provider reported $1.02 EPS for the quarter, topping 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 net margin of 7.63% and a return on equity of 26.71%. Sell-side analysts predict that Euronet Worldwide, Inc. will post 7.82 earnings per share for the current year.

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.