SG Capital Management LLC Invests $2.06 Million in Euronet Worldwide, Inc. (NASDAQ:EEFT)

SG Capital Management LLC acquired a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 20,280 shares of the business services provider’s stock, valued at approximately $2,058,000. Euronet Worldwide comprises about 0.6% of SG Capital Management LLC’s holdings, making the stock its 27th largest position.

Several other institutional investors also recently bought and sold shares of the company. Signaturefd LLC increased its stake in shares of Euronet Worldwide by 189.9% during the fourth quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after acquiring an additional 169 shares during the period. VisionPoint Advisory Group LLC raised its stake in shares of Euronet Worldwide by 101.8% during the 3rd 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 in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Euronet Worldwide in the fourth quarter valued at approximately $30,000. Quadrant Capital Group LLC raised its position in Euronet Worldwide by 242.7% in the fourth quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock worth $36,000 after acquiring an additional 250 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in Euronet Worldwide by 26.4% in the fourth quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 105 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EEFT. Citigroup increased their price target on shares of Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Evercore ISI boosted their price target on Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Monness Crespi & Hardt began coverage on Euronet Worldwide in a research note on Wednesday, March 20th. They issued a “buy” rating and a $140.00 price objective for the company. Needham & Company LLC lifted their price objective on Euronet Worldwide from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $123.56.

Euronet Worldwide Price Performance

Euronet Worldwide stock traded down $0.74 during midday trading on Friday, reaching $112.49. 115,985 shares of the company were exchanged, compared to its average volume of 224,228. The firm’s 50-day simple moving average is $109.80 and its 200-day simple moving average is $104.45. Euronet Worldwide, Inc. has a 1 year low of $73.84 and a 1 year high of $121.06. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 19.80 and a beta of 1.47. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.33 and a current ratio of 1.33.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.25. The business had revenue of $857.00 million during the quarter, compared to the consensus estimate of $837.85 million. Euronet Worldwide had a net margin of 7.63% and a return on equity of 26.71%. On average, analysts anticipate that Euronet Worldwide, Inc. will post 7.82 EPS 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.