Moran Wealth Management LLC Makes New Investment in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Moran Wealth Management LLC purchased a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the fourth quarter, Holdings Channel.com reports. The firm purchased 29,004 shares of the business services provider’s stock, valued at approximately $2,983,000.

Several other large investors also recently modified their holdings of EEFT. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Euronet Worldwide by 2.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider’s stock valued at $768,000 after buying an additional 169 shares during the period. Proficio Capital Partners LLC acquired a new stake in Euronet Worldwide in the fourth quarter valued at approximately $28,000. Cornerstone Investment Partners LLC increased its holdings in shares of Euronet Worldwide by 4.4% during the fourth quarter. Cornerstone Investment Partners LLC now owns 5,868 shares of the business services provider’s stock valued at $603,000 after acquiring an additional 248 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Euronet Worldwide by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 566,002 shares of the business services provider’s stock worth $58,208,000 after purchasing an additional 8,015 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Euronet Worldwide by 485.6% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock worth $88,000 after purchasing an additional 709 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $99.68 on Wednesday. The company has a market capitalization of $4.36 billion, a PE ratio of 15.41, a PEG ratio of 0.78 and a beta of 1.37. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The stock’s 50 day moving average price is $100.10 and its 200-day moving average price is $101.19. Euronet Worldwide, Inc. has a twelve month low of $91.07 and a twelve month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data 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 anticipate that Euronet Worldwide, Inc. will post 9.11 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.