307,278 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Bought by Ophir Asset Management Pty Ltd

307,278 Shares in Euronet Worldwide, Inc. (NASDAQ:EEFT) Bought by Ophir Asset Management Pty Ltd


Ophir Asset Management Pty Ltd bought a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 307,278 shares of the business services provider’s stock, valued at approximately $31,186,000. Euronet Worldwide comprises 6.2% of Ophir Asset Management Pty Ltd’s portfolio, making the stock its biggest position. Ophir Asset Management Pty Ltd owned about 0.67% of Euronet Worldwide at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Burgundy Asset Management Ltd. boosted its position in shares of Euronet Worldwide by 67.8% during the fourth quarter. Burgundy Asset Management Ltd. now owns 746,579 shares of the business services provider’s stock worth $75,770,000 after acquiring an additional 301,771 shares during the last quarter. Wasatch Advisors LP lifted its position in Euronet Worldwide by 51.2% during the fourth quarter. Wasatch Advisors LP now owns 579,334 shares of the business services provider’s stock valued at $58,797,000 after purchasing an additional 196,161 shares during the last quarter. Voss Capital LLC lifted its position in Euronet Worldwide by 52.8% during the fourth quarter. Voss Capital LLC now owns 565,256 shares of the business services provider’s stock valued at $57,368,000 after purchasing an additional 195,404 shares during the last quarter. Clearbridge Investments LLC lifted its position in Euronet Worldwide by 3.6% during the fourth quarter. Clearbridge Investments LLC now owns 542,492 shares of the business services provider’s stock valued at $55,057,000 after purchasing an additional 18,876 shares during the last quarter. Finally, Norges Bank bought a new position in Euronet Worldwide during the fourth quarter valued at $54,947,000. Institutional investors own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Wolfe Research upgraded shares of Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Friday, May 17th. William Blair reiterated an “outperform” rating on shares of Euronet Worldwide in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods increased their price objective on shares of Euronet Worldwide from $115.00 to $116.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Needham & Company LLC increased their price objective on shares of Euronet Worldwide from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, DA Davidson increased their target price 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. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $123.56.

Get Our Latest Stock Report on Euronet Worldwide

Euronet Worldwide Trading Down 1.9 %

EEFT stock opened at $106.76 on Friday. The company has a market capitalization of $4.90 billion, a PE ratio of 18.80 and a beta of 1.47. Euronet Worldwide, Inc. has a 12 month low of $73.84 and a 12 month high of $121.06. The firm’s 50-day moving average is $109.99 and its 200 day moving average is $105.10. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.33 and a quick ratio of 1.33.

Euronet Worldwide (NASDAQ:EEFT – Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.02 EPS for the quarter, topping the consensus estimate of $0.77 by $0.25. The company had revenue of $857.00 million for 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, research analysts anticipate that Euronet Worldwide, Inc. will post 7.82 EPS for the current year.

Euronet Worldwide Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)



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