Louisiana State Employees Retirement System Has $1.18 Million Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Louisiana State Employees Retirement System lessened its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,500 shares of the business services provider’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Euronet Worldwide were worth $1,183,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in shares of Euronet Worldwide by 0.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider’s stock valued at $333,039,000 after purchasing an additional 27,254 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Euronet Worldwide by 13.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock worth $105,604,000 after acquiring an additional 127,240 shares during the period. Wasatch Advisors LP increased its stake in shares of Euronet Worldwide by 45.8% in the 3rd 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 last quarter. Reinhart Partners LLC. increased its stake in shares of Euronet Worldwide by 3.4% in the 4th quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock valued at $64,496,000 after purchasing an additional 20,824 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings 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 valued at $16,004,000 after acquiring an additional 8,230 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EEFT. Oppenheimer cut their price objective on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Needham & Company LLC reissued a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday, December 12th. Keefe, Bruyette & Woods raised their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a report on Friday. Finally, Stephens reissued an “overweight” rating and set a $130.00 price objective on shares of Euronet Worldwide in a report on Friday. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

Insider Transactions at Euronet Worldwide

In related news, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the sale, the chief executive officer now directly owns 90,288 shares in the company, valued at approximately $9,625,603.68. The trade was a 36.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Martin L. Bruckner sold 9,397 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $107.31, for a total value of $1,008,392.07. Following the transaction, the senior vice president now directly owns 39,983 shares in the company, valued at $4,290,575.73. This trade represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,910 shares of company stock worth $8,780,102. Company insiders own 10.50% of the company’s stock.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT opened at $104.64 on Monday. Euronet Worldwide, Inc. has a twelve month low of $91.07 and a twelve month high of $117.66. The firm’s 50 day moving average price is $100.82 and its 200-day moving average price is $100.87. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.60 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.43.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results 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 return on equity of 26.86% and a net margin of 8.49%. Equities research analysts expect that Euronet Worldwide, Inc. will post 7.85 EPS for the current year.

About Euronet Worldwide

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.