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

King Luther Capital Management Corp raised its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,736 shares of the business services provider’s stock after buying an additional 1,961 shares during the quarter. King Luther Capital Management Corp owned about 0.17% of Euronet Worldwide worth $7,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its holdings in Euronet Worldwide by 15.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 9,382 shares of the business services provider’s stock valued at $931,000 after acquiring an additional 1,253 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Euronet Worldwide by 5.4% in the third quarter. Crossmark Global Holdings Inc. now owns 10,244 shares of the business services provider’s stock worth $1,017,000 after buying an additional 526 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake 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 last quarter. Versor Investments LP boosted its stake 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 valued at $1,164,000 after buying an additional 4,411 shares during the last quarter. Finally, WCM Investment Management LLC grew its holdings 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 buying an additional 478 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Trading Down 3.7 %

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

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. On average, equities analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analysts Set New Price Targets

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

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.