State of New Jersey Common Pension Fund D Has $1.73 Million Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

State of New Jersey Common Pension Fund D lessened its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 41.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,736 shares of the business services provider’s stock after selling 11,739 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Euronet Worldwide were worth $1,732,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kodai Capital Management LP bought a new stake in Euronet Worldwide during the 4th quarter worth about $23,728,000. Granahan Investment Management LLC lifted its holdings in Euronet Worldwide by 8.0% in the fourth quarter. Granahan Investment Management LLC now owns 221,061 shares of the business services provider’s stock valued at $22,435,000 after buying an additional 16,358 shares during the period. Clearbridge Investments LLC boosted its stake in Euronet Worldwide by 4.5% in the first quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider’s stock valued at $62,337,000 after acquiring an additional 24,566 shares during the last quarter. LSV Asset Management acquired a new stake in Euronet Worldwide during the 1st quarter worth $1,638,000. Finally, Ellsworth Advisors LLC bought a new stake in shares of Euronet Worldwide during the 2nd quarter valued at $514,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insider Activity

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the sale, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Thomas A. Mcdonnell acquired 3,206 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $93.86 per share, with a total value of $300,915.16. Following the transaction, the director now directly owns 90,000 shares in the company, valued at approximately $8,447,400. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the transaction, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. The disclosure for this sale can be found here. 10.50% of the stock is owned by corporate insiders.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $100.39 on Wednesday. The company has a fifty day moving average price of $101.09 and a 200 day moving average price of $105.88. The firm has a market cap of $4.60 billion, a PE ratio of 17.67 and a beta of 1.46. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. Euronet Worldwide, Inc. has a 1-year low of $73.84 and a 1-year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.21. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The business had revenue of $986.20 million during the quarter, compared to the consensus estimate of $1.09 billion. Euronet Worldwide’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $1.84 earnings per share. Research analysts predict that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on EEFT shares. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Euronet Worldwide in a research note on Wednesday, September 4th. Monness Crespi & Hardt boosted their target price on Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Citigroup increased their price target on shares of Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Finally, StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.11.

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 and prepaid card outsourcing, card issuing, and merchant acquiring services.