State of New Jersey Common Pension Fund D Raises Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

State of New Jersey Common Pension Fund D lifted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 12.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,846 shares of the business services provider’s stock after purchasing an additional 2,110 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Euronet Worldwide were worth $1,870,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of EEFT. Clearbridge Investments LLC lifted its holdings in Euronet Worldwide by 4.5% in the 1st quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider’s stock worth $62,337,000 after purchasing an additional 24,566 shares in the last quarter. Ellsworth Advisors LLC bought a new position in shares of Euronet Worldwide during the second quarter worth $514,000. SG Capital Management LLC boosted its position in shares of Euronet Worldwide by 106.8% during the first quarter. SG Capital Management LLC now owns 41,934 shares of the business services provider’s stock worth $4,610,000 after acquiring an additional 21,654 shares during the last quarter. Burgundy Asset Management Ltd. grew its stake in Euronet Worldwide by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock valued at $79,415,000 after acquiring an additional 10,689 shares in the last quarter. Finally, Savant Capital LLC increased its holdings in Euronet Worldwide by 199.3% in the 2nd quarter. Savant Capital LLC now owns 8,928 shares of the business services provider’s stock valued at $924,000 after acquiring an additional 5,945 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the transaction, the chief executive officer now directly owns 12,440 shares in the company, valued at $1,276,095.20. This represents a 24.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 10.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price objective for the company from $118.00 to $110.00 in a research report on Friday, October 18th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. DA Davidson restated a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Finally, Oppenheimer assumed coverage on shares of Euronet Worldwide in a research report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Euronet Worldwide currently has an average rating of “Moderate Buy” and an average price target of $125.38.

Euronet Worldwide Stock Performance

Euronet Worldwide stock opened at $101.62 on Tuesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $4.46 billion, a P/E ratio of 14.68 and a beta of 1.46. Euronet Worldwide, Inc. has a 1-year low of $84.40 and a 1-year high of $117.66. The company’s 50-day moving average is $99.49 and its 200 day moving average is $103.93.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same period last year, the company earned $2.53 EPS. Research analysts forecast that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

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.