GAMMA Investing LLC Acquires New Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

GAMMA Investing LLC bought a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 299 shares of the business services provider’s stock, valued at approximately $30,000.

A number of other institutional investors have also recently made changes to their positions in EEFT. Signaturefd LLC boosted its holdings in Euronet Worldwide by 189.9% in the fourth quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 169 shares during the last quarter. VisionPoint Advisory Group LLC increased its position in shares of Euronet Worldwide by 101.8% during the third quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock worth $27,000 after buying an additional 171 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Euronet Worldwide by 37.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 698 shares of the business services provider’s stock worth $72,000 after buying an additional 191 shares during the period. Headlands Technologies LLC bought a new position in Euronet Worldwide during the third quarter worth $85,000. Finally, UMB Bank n.a. acquired a new position in Euronet Worldwide in the fourth quarter valued at $101,000. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $110.24 on Monday. The business’s fifty day simple moving average is $107.34 and its 200 day simple moving average is $98.74. The company has a current ratio of 1.33, a quick ratio of 1.54 and a debt-to-equity ratio of 1.01. Euronet Worldwide, Inc. has a 12 month low of $73.84 and a 12 month high of $121.55. The firm has a market capitalization of $5.06 billion, a P/E ratio of 19.41 and a beta of 1.39.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Wednesday, February 7th. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.34. The company had revenue of $957.70 million for the quarter, compared to analysts’ expectations of $844.59 million. Euronet Worldwide had a return on equity of 26.71% and a net margin of 7.63%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 EPS. As a group, analysts anticipate that Euronet Worldwide, Inc. will post 7.51 EPS for the current year.

Wall Street Analyst Weigh In

EEFT has been the subject of several research analyst reports. William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a research report on Wednesday, May 1st. DA Davidson upped their target price on shares of Euronet Worldwide from $126.00 to $136.00 and gave the stock a “buy” rating in a report on Friday. Keefe, Bruyette & Woods lifted their price target on Euronet Worldwide from $115.00 to $116.00 and gave the company a “market perform” rating in a research note on Thursday. Needham & Company LLC boosted their price objective on Euronet Worldwide from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Evercore ISI raised their target price on Euronet Worldwide from $118.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $121.89.

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.