Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,713 shares of the business services provider’s stock after selling 190 shares during the quarter. State of Alaska Department of Revenue’s holdings in Euronet Worldwide were worth $484,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Euronet Worldwide by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider’s stock worth $333,039,000 after acquiring an additional 27,254 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Euronet Worldwide by 13.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock worth $105,604,000 after purchasing an additional 127,240 shares in the last quarter. Wasatch Advisors LP grew its holdings in Euronet Worldwide by 45.8% in the third quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock valued at $71,102,000 after purchasing an additional 224,982 shares during the period. Reinhart Partners LLC. increased its position in shares of Euronet Worldwide by 3.4% in the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock valued at $64,496,000 after buying an additional 20,824 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in shares of Euronet Worldwide by 5.4% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock worth $16,004,000 after buying an additional 8,230 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Performance

NASDAQ EEFT opened at $104.64 on Friday. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. The firm has a market capitalization of $4.60 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.43. The stock’s fifty day moving average is $100.82 and its two-hundred day moving average is $100.88. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. On average, research analysts anticipate that Euronet Worldwide, Inc. will post 7.85 earnings per share for the current year.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $106.61, for a total value of $5,547,344.74. Following the transaction, the chief executive officer now owns 90,288 shares of the company’s stock, valued at $9,625,603.68. This represents a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Nikos Fountas sold 21,479 shares of Euronet Worldwide stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the sale, the chief executive officer now owns 52,370 shares of the company’s stock, valued at approximately $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,910 shares of company stock worth $8,780,102 in the last 90 days. Insiders own 10.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Euronet Worldwide in a research report on Friday. Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a report on Thursday, December 12th. Oppenheimer lowered their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Finally, Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Euronet Worldwide has an average rating of “Moderate Buy” and an average target price of $127.00.

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.