Watershed Asset Management L.L.C. Sells 288 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Watershed Asset Management L.L.C. lowered its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 8.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,107 shares of the business services provider’s stock after selling 288 shares during the quarter. Euronet Worldwide accounts for 0.4% of Watershed Asset Management L.L.C.’s holdings, making the stock its 28th biggest holding. Watershed Asset Management L.L.C.’s holdings in Euronet Worldwide were worth $315,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC bought a new position in Euronet Worldwide during the fourth quarter valued at $30,000. California Public Employees Retirement System grew its holdings in Euronet Worldwide by 2.1% during the 4th quarter. California Public Employees Retirement System now owns 91,368 shares of the business services provider’s stock valued at $9,273,000 after purchasing an additional 1,838 shares during the last quarter. Signaturefd LLC raised its position in Euronet Worldwide by 189.9% in the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after purchasing an additional 169 shares during the period. Voss Capital LLC raised its position in Euronet Worldwide by 52.8% in the 4th quarter. Voss Capital LLC now owns 565,256 shares of the business services provider’s stock worth $57,368,000 after purchasing an additional 195,404 shares during the period. Finally, Lecap Asset Management Ltd. bought a new stake in Euronet Worldwide in the fourth quarter worth about $566,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. DA Davidson reiterated a “buy” rating and issued a $126.00 price target on shares of Euronet Worldwide in a report on Monday, April 15th. Evercore ISI increased their target price on Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Stephens raised shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 target price for the company in a research note on Thursday, February 1st. Citigroup upgraded shares of Euronet Worldwide from a “neutral” rating to a “buy” rating and upped their price target for the stock from $116.00 to $120.00 in a report on Monday. Finally, Needham & Company LLC lifted their price objective on shares of Euronet Worldwide from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $120.75.

Euronet Worldwide Stock Up 1.8 %

NASDAQ EEFT traded up $1.92 on Tuesday, hitting $105.81. The stock had a trading volume of 203,757 shares, compared to its average volume of 272,382. The business’s fifty day moving average price is $107.80 and its 200 day moving average price is $96.88. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 19.17 and a beta of 1.39. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.54 and a quick ratio of 1.54. Euronet Worldwide, Inc. has a 52-week low of $73.84 and a 52-week high of $121.55.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.34. Euronet Worldwide had a return on equity of 25.23% and a net margin of 7.63%. The firm had revenue of $957.70 million for the quarter, compared to the consensus estimate of $844.59 million. During the same period in the previous year, the business earned $1.12 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Equities research analysts anticipate that Euronet Worldwide, Inc. will post 7.51 earnings per share for the current year.

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.