Asset Management One Co. Ltd. Has $213,000 Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Asset Management One Co. Ltd. lifted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 211.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,991 shares of the business services provider’s stock after acquiring an additional 1,352 shares during the period. Asset Management One Co. Ltd.’s holdings in Euronet Worldwide were worth $213,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EEFT. Norges Bank acquired a new stake in shares of Euronet Worldwide in the 4th quarter valued at approximately $53,072,000. GAMMA Investing LLC raised its holdings in Euronet Worldwide by 21,258.8% during the 1st quarter. GAMMA Investing LLC now owns 203,763 shares of the business services provider’s stock worth $21,772,000 after buying an additional 202,809 shares during the period. Burgundy Asset Management Ltd. raised its holdings in Euronet Worldwide by 21.0% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider’s stock worth $112,743,000 after buying an additional 190,453 shares during the period. Voss Capital LP raised its holdings in shares of Euronet Worldwide by 21.9% in the fourth quarter. Voss Capital LP now owns 630,000 shares of the business services provider’s stock valued at $64,789,000 after purchasing an additional 113,236 shares during the last quarter. Finally, Reinhart Partners LLC. raised its holdings in shares of Euronet Worldwide by 17.7% in the first quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider’s stock valued at $78,896,000 after purchasing an additional 111,234 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Price Performance

NASDAQ:EEFT opened at $101.38 on Tuesday. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $114.25. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.46. The firm has a fifty day simple moving average of $105.38 and a 200 day simple moving average of $102.36. The stock has a market capitalization of $4.38 billion, a PE ratio of 15.02, a P/E/G ratio of 0.76 and a beta of 1.27.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, hitting analysts’ consensus estimates of $1.13. Euronet Worldwide had a net margin of 7.88% and a return on equity of 26.97%. The firm had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $908.93 million. During the same period in the previous year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, research analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on EEFT. William Blair reiterated an “outperform” rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their price objective on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a report on Friday, April 25th. Finally, Needham & Company LLC lowered their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Euronet Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $125.57.

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.