Kennedy Capital Management Inc. Increases Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Kennedy Capital Management Inc. increased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,467 shares of the business services provider’s stock after purchasing an additional 8,452 shares during the quarter. Euronet Worldwide accounts for approximately 0.6% of Kennedy Capital Management Inc.’s investment portfolio, making the stock its 5th largest position. Kennedy Capital Management Inc. owned 0.34% of Euronet Worldwide worth $25,448,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC increased its position in Euronet Worldwide by 66.1% during the 4th quarter. CWM LLC now owns 294 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 117 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Euronet Worldwide in the 1st quarter worth $45,000. Captrust Financial Advisors lifted its holdings in shares of Euronet Worldwide by 163.0% in the 4th quarter. Captrust Financial Advisors now owns 668 shares of the business services provider’s stock worth $68,000 after purchasing an additional 414 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Euronet Worldwide by 21.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the business services provider’s stock worth $87,000 after purchasing an additional 150 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of Euronet Worldwide by 7,142.9% in the 4th quarter. Advisory Services Network LLC now owns 1,014 shares of the business services provider’s stock worth $104,000 after purchasing an additional 1,000 shares in the last quarter. 99.50% of the stock is owned by institutional investors and hedge funds.

In related news, VP Jeffrey B. Newman sold 5,461 shares of Euronet Worldwide stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $161.12, for a total value of $879,876.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.40% of the company’s stock.

Shares of Euronet Worldwide stock traded up $4.41 during trading hours on Friday, hitting $168.24. 621,549 shares of the company’s stock traded hands, compared to its average volume of 492,113. Euronet Worldwide, Inc. has a 12-month low of $82.72 and a 12-month high of $168.77. The stock has a market capitalization of $8.58 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 1.79 and a beta of 1.16. The stock’s fifty day moving average is $157.52. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.28 and a quick ratio of 1.28.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Monday, April 29th. The business services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. Euronet Worldwide had a return on equity of 24.83% and a net margin of 9.40%. The company had revenue of $577.50 million during the quarter, compared to analyst estimates of $602.73 million. During the same quarter last year, the firm posted $0.73 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts anticipate that Euronet Worldwide, Inc. will post 6.7 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on EEFT shares. Piper Jaffray Companies increased their target price on Euronet Worldwide to $159.00 in a report on Tuesday, March 5th. DA Davidson increased their target price on Euronet Worldwide to $160.00 and gave the stock a “reduce” rating in a report on Tuesday, March 19th. Wells Fargo & Co increased their price target on Euronet Worldwide from $150.00 to $164.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. They noted that the move was a valuation call. Finally, BidaskClub lowered Euronet Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 11th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $152.74.

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. The company's Electronic Financial Transaction (EFT) 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 card outsourcing, card issuing, and merchant acquiring services.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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