Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,120 shares of the business services provider’s stock after selling 187 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Euronet Worldwide were worth $938,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. HighTower Advisors LLC increased its stake in shares of Euronet Worldwide by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock valued at $2,540,000 after purchasing an additional 158 shares in the last quarter. Xponance Inc. grew its holdings in Euronet Worldwide by 3.6% in the fourth quarter. Xponance Inc. now owns 4,790 shares of the business services provider’s stock valued at $493,000 after purchasing an additional 166 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Euronet Worldwide by 2.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider’s stock valued at $768,000 after buying an additional 169 shares in the last quarter. Quarry LP raised its stake in shares of Euronet Worldwide by 21.6% during 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 during the period. Finally, New York State Teachers Retirement System lifted its position in shares of Euronet Worldwide by 0.8% during the 4th quarter. New York State Teachers Retirement System now owns 23,277 shares of the business services provider’s stock valued at $2,394,000 after buying an additional 196 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EEFT shares. Stephens restated an “overweight” rating and set a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th. Keefe, Bruyette & Woods boosted their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, Oppenheimer dropped their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $125.86.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total value of $9,565,550.00. Following the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. The trade was a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.50% of the stock is currently owned by insiders.

Euronet Worldwide Stock Up 1.0 %

Shares of EEFT opened at $109.62 on Thursday. The stock has a fifty day simple moving average of $101.34 and a two-hundred day simple moving average of $101.23. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $4.80 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37. Euronet Worldwide, Inc. has a 52-week low of $91.07 and a 52-week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results 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 return on equity of 27.74% and a net margin of 7.69%. As a group, equities analysts forecast that Euronet Worldwide, Inc. will post 9.11 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.