Peapack Gladstone Financial Corp Takes $205,000 Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Peapack Gladstone Financial Corp bought a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFTFree Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,019 shares of the business services provider’s stock, valued at approximately $205,000.

Other hedge funds have also modified their holdings of the company. Kodai Capital Management LP purchased a new stake in shares of Euronet Worldwide during the fourth quarter valued at $23,728,000. Mawer Investment Management Ltd. lifted its holdings in shares of Euronet Worldwide by 65.3% during the fourth 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. SkyView Investment Advisors LLC raised its position in Euronet Worldwide by 5.5% during the third quarter. SkyView Investment Advisors LLC now owns 3,572 shares of the business services provider’s stock valued at $283,000 after buying an additional 186 shares during the period. FCF Advisors LLC acquired a new position in Euronet Worldwide during the fourth quarter valued at $794,000. Finally, UBS Group AG raised its position in Euronet Worldwide by 110.5% during the fourth quarter. UBS Group AG now owns 64,970 shares of the business services provider’s stock valued at $6,594,000 after buying an additional 34,111 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT opened at $112.49 on Friday. The business’s 50-day simple moving average is $109.75 and its 200-day simple moving average is $104.15. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.33 and a current ratio of 1.33. Euronet Worldwide, Inc. has a 52 week low of $73.84 and a 52 week high of $121.06. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 19.80 and a beta of 1.47.

Euronet Worldwide (NASDAQ:EEFTGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The business services provider reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.25. Euronet Worldwide had a return on equity of 26.71% and a net margin of 7.63%. The business had revenue of $857.00 million for the quarter, compared to the consensus estimate of $837.85 million. As a group, equities research analysts expect that Euronet Worldwide, Inc. will post 7.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EEFT shares. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Needham & Company LLC upped their price target on Euronet Worldwide from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Citigroup upped their price target on Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Evercore ISI upped 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 upped their price target on Euronet Worldwide from $115.00 to $116.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.56.

Get Our Latest Stock Analysis on EEFT

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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