New York State Teachers Retirement System Has $2.39 Million Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

New York State Teachers Retirement System increased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,277 shares of the business services provider’s stock after acquiring an additional 196 shares during the period. New York State Teachers Retirement System owned about 0.05% of Euronet Worldwide worth $2,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. raised its stake in Euronet Worldwide by 0.7% during the third quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock worth $1,793,000 after buying an additional 133 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Euronet Worldwide by 0.6% during the third quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock valued at $2,540,000 after buying an additional 158 shares during the last quarter. State of Alaska Department of Revenue grew its position in Euronet Worldwide by 3.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider’s stock worth $486,000 after purchasing an additional 170 shares in the last quarter. Quarry LP grew its position in Euronet Worldwide by 21.6% in the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock worth $108,000 after purchasing an additional 193 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Euronet Worldwide by 26.1% in the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 205 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Down 4.4 %

NASDAQ:EEFT opened at $101.39 on Friday. The firm has a 50-day simple moving average of $101.04 and a two-hundred day simple moving average of $101.21. 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 cap of $4.45 billion, a P/E ratio of 15.67, a P/E/G ratio of 0.78 and a beta of 1.43. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. Analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Insider Transactions at Euronet Worldwide

In other news, SVP Martin L. Bruckner sold 9,397 shares of Euronet Worldwide stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the sale, the senior vice president now owns 39,983 shares in the company, valued at $4,290,575.73. This trade represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction on Monday, November 25th. The shares were sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the completion of the sale, the chief executive officer now owns 90,288 shares in the company, valued at approximately $9,625,603.68. This represents a 36.56 % 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 three months. Corporate insiders own 10.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EEFT. Oppenheimer dropped their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Stephens reaffirmed an “overweight” rating and set a $130.00 target price on shares of Euronet Worldwide in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a report on Thursday, December 12th. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods raised their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.