Euronet Worldwide, Inc. (NASDAQ:EEFT) Stock Holdings Increased by Sheets Smith Wealth Management

Sheets Smith Wealth Management raised its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 162.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,391 shares of the business services provider’s stock after acquiring an additional 14,464 shares during the quarter. Sheets Smith Wealth Management’s holdings in Euronet Worldwide were worth $2,374,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in shares of Euronet Worldwide by 189.9% in the fourth quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after buying an additional 169 shares during the last quarter. VisionPoint Advisory Group LLC lifted its stake in shares of Euronet Worldwide by 101.8% in 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 last quarter. GAMMA Investing LLC acquired a new stake in shares of Euronet Worldwide in the fourth quarter worth $30,000. First Horizon Advisors Inc. lifted its stake in shares of Euronet Worldwide by 26.4% in the fourth quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock worth $51,000 after buying an additional 105 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Euronet Worldwide by 37.7% in 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 last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

Euronet Worldwide stock traded up $3.16 on Friday, hitting $110.24. The company’s stock had a trading volume of 285,392 shares, compared to its average volume of 272,910. The firm has a market cap of $5.06 billion, a P/E ratio of 19.41 and a beta of 1.39. The company has a quick ratio of 1.54, a current ratio of 1.33 and a debt-to-equity ratio of 1.01. The company has a fifty day moving average price of $107.34 and a 200-day moving average price of $98.74. Euronet Worldwide, Inc. has a one year low of $73.84 and a one year high of $121.55.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.34. The firm had revenue of $957.70 million for the quarter, compared to analyst estimates of $844.59 million. Euronet Worldwide had a net margin of 7.63% and a return on equity of 26.71%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 EPS. On average, equities analysts anticipate that Euronet Worldwide, Inc. will post 7.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Euronet Worldwide from $115.00 to $116.00 and gave the stock a “market perform” rating in a research note on Thursday. Stephens raised shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 target price on the stock in a research report on Thursday, February 1st. Citigroup raised shares of Euronet Worldwide from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $116.00 to $120.00 in a research report on Monday, April 22nd. Evercore ISI boosted their target price on shares of Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Euronet Worldwide has an average rating of “Moderate Buy” and a consensus target price of $121.89.

Euronet Worldwide 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.