King Luther Capital Management Corp Raises Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

King Luther Capital Management Corp increased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,736 shares of the business services provider’s stock after buying an additional 1,961 shares during the period. King Luther Capital Management Corp’s holdings in Euronet Worldwide were worth $7,789,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its position in Euronet Worldwide by 15.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 9,382 shares of the business services provider’s stock valued at $931,000 after purchasing an additional 1,253 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Euronet Worldwide by 5.4% during the third quarter. Crossmark Global Holdings Inc. now owns 10,244 shares of the business services provider’s stock valued at $1,017,000 after purchasing an additional 526 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Euronet Worldwide by 12.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 18,846 shares of the business services provider’s stock valued at $1,870,000 after buying an additional 2,110 shares during the period. Versor Investments LP lifted its holdings in Euronet Worldwide by 60.3% during the third quarter. Versor Investments LP now owns 11,732 shares of the business services provider’s stock worth $1,164,000 after buying an additional 4,411 shares during the period. Finally, WCM Investment Management LLC boosted its position in Euronet Worldwide by 0.3% during the 3rd quarter. WCM Investment Management LLC now owns 146,347 shares of the business services provider’s stock valued at $14,639,000 after acquiring an additional 478 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EEFT. Keefe, Bruyette & Woods raised their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Stephens restated an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday, February 14th. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th. Finally, Oppenheimer reduced their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.00.

Euronet Worldwide Stock Down 3.7 %

Shares of EEFT stock opened at $99.68 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. The firm has a market capitalization of $4.36 billion, a PE ratio of 15.41, a P/E/G ratio of 0.78 and a beta of 1.37. The stock’s 50-day simple moving average is $100.10 and its 200-day simple moving average is $101.19.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. Equities analysts expect that Euronet Worldwide, Inc. will post 9.11 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.