Clearbridge Investments LLC Has $62.34 Million Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Clearbridge Investments LLC raised its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 567,058 shares of the business services provider’s stock after acquiring an additional 24,566 shares during the quarter. Clearbridge Investments LLC owned about 1.24% of Euronet Worldwide worth $62,337,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Signaturefd LLC raised its holdings in shares of Euronet Worldwide by 189.9% during the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 169 shares in the last quarter. GAMMA Investing LLC bought a new position in Euronet Worldwide during the fourth quarter valued at about $30,000. Quadrant Capital Group LLC lifted its position in shares of 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 buying an additional 250 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Euronet Worldwide during the 1st quarter worth about $50,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of Euronet Worldwide by 26.4% during the 4th 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 last quarter. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Trading Down 2.9 %

Shares of EEFT traded down $2.92 during trading hours on Wednesday, reaching $98.23. The stock had a trading volume of 393,787 shares, compared to its average volume of 308,194. The company has a market cap of $4.50 billion, a P/E ratio of 17.68 and a beta of 1.45. Euronet Worldwide, Inc. has a 52 week low of $73.84 and a 52 week high of $117.66. The company has a quick ratio of 1.33, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average of $108.68 and a 200 day moving average of $106.95.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.21. The company had revenue of $986.20 million during the quarter, compared to the consensus estimate of $1.09 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.84 earnings per share. On average, sell-side analysts expect that Euronet Worldwide, Inc. will post 7.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on EEFT. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Euronet Worldwide in a research report on Monday. Wolfe Research upgraded shares of Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Friday, May 17th. Citigroup boosted their target price on shares of Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Evercore ISI raised their price target on Euronet Worldwide from $118.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, Keefe, Bruyette & Woods lifted their price objective on Euronet Worldwide from $115.00 to $116.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $124.11.

About Euronet Worldwide

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.