Mutual of America Capital Management LLC Sells 1,218 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Mutual of America Capital Management LLC trimmed its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,888 shares of the business services provider’s stock after selling 1,218 shares during the quarter. Mutual of America Capital Management LLC owned 0.08% of Euronet Worldwide worth $4,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Arizona State Retirement System raised its holdings in Euronet Worldwide by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider’s stock worth $1,260,000 after purchasing an additional 135 shares during the period. State of Michigan Retirement System raised its holdings in Euronet Worldwide by 1.9% in the 1st quarter. State of Michigan Retirement System now owns 10,717 shares of the business services provider’s stock worth $1,178,000 after purchasing an additional 200 shares during the period. Fifth Third Bancorp raised its holdings in Euronet Worldwide by 14.7% in the 2nd quarter. Fifth Third Bancorp now owns 1,588 shares of the business services provider’s stock worth $164,000 after purchasing an additional 203 shares during the period. State Board of Administration of Florida Retirement System raised its holdings in Euronet Worldwide by 0.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 54,289 shares of the business services provider’s stock worth $6,075,000 after purchasing an additional 215 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in Euronet Worldwide by 3.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,949 shares of the business services provider’s stock worth $719,000 after purchasing an additional 227 shares during the period. 91.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the transaction, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the transaction, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas A. Mcdonnell bought 3,206 shares of the company’s stock in a transaction on Monday, August 5th. The shares were acquired 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 of the company’s stock, valued at $8,447,400. The disclosure for this purchase can be found here. 10.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Euronet Worldwide Trading Up 0.2 %

Shares of EEFT stock opened at $100.66 on Monday. Euronet Worldwide, Inc. has a 12-month low of $73.84 and a 12-month high of $117.66. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. The stock’s 50-day moving average price is $101.30 and its 200-day moving average price is $106.03. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 17.72 and a beta of 1.46.

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