Morse Asset Management Inc boosted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.2% during the second quarter, Holdings Channel reports. The institutional investor owned 11,790 shares of the business services provider’s stock after buying an additional 250 shares during the period. Morse Asset Management Inc’s holdings in Euronet Worldwide were worth $1,984,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Advisor Group Inc. grew its stake in Euronet Worldwide by 1.9% in the 2nd quarter. Advisor Group Inc. now owns 3,696 shares of the business services provider’s stock valued at $623,000 after buying an additional 68 shares during the last quarter. Montag & Caldwell LLC boosted its holdings in Euronet Worldwide by 4.2% in the 1st quarter. Montag & Caldwell LLC now owns 3,578 shares of the business services provider’s stock valued at $510,000 after purchasing an additional 144 shares during the period. Cim LLC boosted its holdings in Euronet Worldwide by 4.6% in the 2nd quarter. Cim LLC now owns 5,665 shares of the business services provider’s stock valued at $953,000 after purchasing an additional 250 shares during the period. Arabesque Asset Management Ltd lifted its holdings in shares of Euronet Worldwide by 1.1% during the 1st quarter. Arabesque Asset Management Ltd now owns 26,697 shares of the business services provider’s stock worth $3,807,000 after acquiring an additional 278 shares during the period. Finally, Hanseatic Management Services Inc. lifted its holdings in shares of Euronet Worldwide by 8.5% during the 2nd quarter. Hanseatic Management Services Inc. now owns 3,785 shares of the business services provider’s stock worth $637,000 after acquiring an additional 297 shares during the period. Institutional investors and hedge funds own 98.01% of the company’s stock.

EEFT has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Euronet Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 11th. Citigroup set a $189.00 price target on shares of Euronet Worldwide and gave the stock a “buy” rating in a report on Friday, July 19th. DA Davidson downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and set a $161.20 price target for the company. in a report on Thursday, June 13th. They noted that the move was a valuation call. Finally, Wolfe Research initiated coverage on shares of Euronet Worldwide in a report on Wednesday, July 31st. They set an “outperform” rating and a $200.00 price target for the company. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $165.40.

Shares of Euronet Worldwide stock traded up $0.88 on Tuesday, reaching $153.69. 13,576 shares of the stock were exchanged, compared to its average volume of 497,296. The firm’s 50 day simple moving average is $161.70. Euronet Worldwide, Inc. has a one year low of $91.78 and a one year high of $171.25. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 1.71 and a beta of 1.16.

In other news, VP Jeffrey B. Newman sold 5,461 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $161.12, for a total transaction of $879,876.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.40% of the company’s stock.

Euronet Worldwide Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company's Electronic Financial Transaction (EFT) 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.

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

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