Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 10.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,760 shares of the business services provider’s stock after selling 2,500 shares during the quarter. New York State Common Retirement Fund’s holdings in Euronet Worldwide were worth $2,135,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in Euronet Worldwide in the 4th quarter worth $58,000. GAMMA Investing LLC lifted its holdings in Euronet Worldwide by 121.3% in the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock worth $98,000 after buying an additional 523 shares in the last quarter. Blue Trust Inc. lifted its holdings in Euronet Worldwide by 26.1% in the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock worth $98,000 after buying an additional 205 shares in the last quarter. Quarry LP lifted its holdings 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 buying an additional 193 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in Euronet Worldwide in the 3rd quarter worth $109,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insiders Place Their Bets

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the transaction, the chief executive officer now owns 52,370 shares in the company, valued at approximately $5,423,437.20. This represents a 29.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.50% of the stock is owned by insiders.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT opened at $102.46 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. 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 50-day simple moving average of $100.76 and a 200 day simple moving average of $101.34. The company has a market cap of $4.48 billion, a PE ratio of 15.84, a P/E/G ratio of 0.78 and a beta of 1.43.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share 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%. On average, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Oppenheimer dropped their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Stephens reissued an “overweight” rating and issued a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, February 14th. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.00.

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.