Wedge Capital Management L L P NC Has $2.01 Million Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Wedge Capital Management L L P NC grew its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 10.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,374 shares of the business services provider’s stock after buying an additional 1,903 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Euronet Worldwide were worth $2,005,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kodai Capital Management LP acquired a new position in Euronet Worldwide during the 4th quarter worth approximately $23,728,000. Mawer Investment Management Ltd. boosted its stake in shares of Euronet Worldwide by 65.3% in the 4th quarter. Mawer Investment Management Ltd. now owns 46,213 shares of the business services provider’s stock valued at $4,690,000 after purchasing an additional 18,262 shares during the last quarter. Granahan Investment Management LLC lifted its position in shares of Euronet Worldwide by 8.0% during the 4th quarter. Granahan Investment Management LLC now owns 221,061 shares of the business services provider’s stock valued at $22,435,000 after acquiring an additional 16,358 shares during the period. Clearbridge Investments LLC lifted its position in shares of Euronet Worldwide by 4.5% during the 1st quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider’s stock valued at $62,337,000 after acquiring an additional 24,566 shares during the period. Finally, LSV Asset Management acquired a new position in shares of Euronet Worldwide during the 1st quarter valued at $1,638,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock traded up $1.69 on Thursday, reaching $101.37. 165,360 shares of the stock were exchanged, compared to its average volume of 308,746. The company has a quick ratio of 1.33, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. Euronet Worldwide, Inc. has a twelve month low of $73.84 and a twelve month high of $117.66. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 17.85 and a beta of 1.45. The business has a 50 day moving average price of $103.40 and a two-hundred day moving average price of $106.77.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.21. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The business had revenue of $986.20 million during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the company posted $1.84 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts anticipate that Euronet Worldwide, Inc. will post 7.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EEFT shares. William Blair reiterated an “outperform” rating on shares of Euronet Worldwide in a report on Wednesday, May 1st. Monness Crespi & Hardt lifted their target price on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. DA Davidson boosted their price objective on shares of Euronet Worldwide from $126.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Citigroup boosted their price objective on shares of Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Euronet Worldwide currently has an average rating of “Moderate Buy” and an average price target of $124.11.

Insider Transactions at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell purchased 3,206 shares of Euronet Worldwide stock in a transaction on Monday, August 5th. The shares were bought at an average price of $93.86 per share, with a total value of $300,915.16. Following the transaction, the director now directly owns 90,000 shares of the company’s stock, valued at $8,447,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 10.50% of the company’s stock.

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.