Northwest Investment Counselors LLC Increases Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Northwest Investment Counselors LLC boosted its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,307 shares of the business services provider’s stock after purchasing an additional 177 shares during the quarter. Northwest Investment Counselors LLC’s holdings in Euronet Worldwide were worth $858,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Level Four Advisory Services LLC raised its holdings in shares of Euronet Worldwide by 8.3% in the second quarter. Level Four Advisory Services LLC now owns 4,408 shares of the business services provider’s stock valued at $517,000 after acquiring an additional 338 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Euronet Worldwide by 15.6% in the 2nd quarter. SG Americas Securities LLC now owns 15,560 shares of the business services provider’s stock valued at $1,826,000 after purchasing an additional 2,098 shares in the last quarter. Nordea Investment Management AB purchased a new stake in shares of Euronet Worldwide in the 2nd quarter worth approximately $2,133,000. Prelude Capital Management LLC boosted its stake in shares of Euronet Worldwide by 7.6% during the first quarter. Prelude Capital Management LLC now owns 2,964 shares of the business services provider’s stock valued at $332,000 after purchasing an additional 209 shares in the last quarter. Finally, Toroso Investments LLC increased its holdings in Euronet Worldwide by 27.7% during the first quarter. Toroso Investments LLC now owns 4,680 shares of the business services provider’s stock valued at $524,000 after buying an additional 1,015 shares during the period. 94.63% of the stock is owned by institutional investors.

Euronet Worldwide Stock Performance

NASDAQ:EEFT traded down $0.23 during trading hours on Friday, hitting $83.67. 758,999 shares of the company were exchanged, compared to its average volume of 363,402. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.52 and a quick ratio of 1.52. Euronet Worldwide, Inc. has a 52-week low of $71.60 and a 52-week high of $121.55. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 16.03 and a beta of 1.28. The company’s 50 day moving average price is $93.33 and its 200-day moving average price is $104.81.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Tuesday, July 25th. The business services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.03. Euronet Worldwide had a net margin of 7.77% and a return on equity of 24.92%. The firm had revenue of $939.10 million for the quarter, compared to analyst estimates of $922.29 million. As a group, research analysts forecast that Euronet Worldwide, Inc. will post 6.48 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on EEFT shares. Needham & Company LLC lowered their target price on Euronet Worldwide from $125.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, August 23rd. Citigroup dropped their price objective on Euronet Worldwide from $119.00 to $93.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 8th. TheStreet downgraded shares of Euronet Worldwide from a “b-” rating to a “c+” rating in a report on Thursday, August 10th. Truist Financial lowered their price target on shares of Euronet Worldwide from $155.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, July 27th. Finally, StockNews.com started coverage on shares of Euronet Worldwide in a research report on Thursday, August 17th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $111.38.

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 card outsourcing, card issuing, and merchant acquiring services.