1 week Ago By ABMN Staff
California Public Employees Retirement System lessened its stake in shares of Euronet Worldwide, Inc. ( NASDAQ:EEFT – Free Report ) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm owned 85,445 shares of the business services provider’s stock after selling 4,810 shares during the quarter. California Public Employees Retirement System owned about 0.19% of Euronet Worldwide worth $8,787,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new position in shares of Euronet Worldwide during the 4th quarter valued at $1,908,000. Arrowstreet Capital Limited Partnership boosted its stake in Euronet Worldwide by 57.
3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 175,027 shares of the business services provider’s stock valued at $18,000,000 after buying an additional 63,785 shares in the last quarter. Rock Creek Group LP grew its holdings in Euronet Worldwide by 33.
3% during the fourth quarter. Rock Creek Group LP now owns 20,000 shares of the business services provider’s stock worth $2,057,000 after acquiring an additional 5,000 shares during the period. Pictet Asset Management Holding SA raised its position in Euronet Worldwide by 26.
9% in the fourth quarter. Pictet Asset Management Holding SA now owns 7,365 shares of the business services provider’s stock worth $757,000 after acquiring an additional 1,563 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Euronet Worldwide in the fourth quarter worth about $2,958,000.
Institutional investors own 91.60% of the company’s stock. Analyst Upgrades and Downgrades EEFT has been the topic of a number of research reports.
Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Euronet Worldwide in a report on Friday, February 14th. StockNews.
com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Oppenheimer reduced their price objective on Euronet Worldwide from $135.00 to $128.
00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. 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.
Finally, Keefe, Bruyette & Woods upped their target price on Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a report on Friday, February 14th.
Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $125.
86. Insider Buying and Selling at Euronet Worldwide In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the business’s stock in a transaction dated Thursday, March 13th.
The stock was sold at an average price of $100.69, for a total value of $9,565,550.00.
Following the transaction, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. The trade was a 6.
27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website . Company insiders own 10.
50% of the company’s stock. Euronet Worldwide Stock Performance Shares of EEFT stock opened at $93.18 on Monday.
The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 0.
78 and a beta of 1.18. Euronet Worldwide, Inc.
has a 1-year low of $91.07 and a 1-year high of $117.66.
The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.
92. The stock’s fifty day simple moving average is $102.23 and its 200-day simple moving average is $101.
59. Euronet Worldwide ( NASDAQ:EEFT – Get Free Report ) last released its earnings results 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 net margin of 7.69% and a return on equity of 27.74%.
On average, sell-side analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.
About Euronet Worldwide ( 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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