California Public Employees Retirement System Sells 4,810 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

California Public Employees Retirement System lessened its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,445 shares of the business services provider's stock after selling 4,810 shares during the quarter. California Public Employees Retirement System owned approximately 0.19% of Euronet Worldwide worth $8,787,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC acquired a new stake in Euronet Worldwide during the fourth quarter worth $28,000. R Squared Ltd acquired a new stake in shares of Euronet Worldwide during the 4th quarter valued at about $58,000. Jones Financial Companies Lllp boosted its position in shares of Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after acquiring an additional 709 shares in the last quarter. GAMMA Investing LLC raised its position in Euronet Worldwide by 121.3% in the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider's stock worth $98,000 after purchasing an additional 523 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Euronet Worldwide by 26.1% during the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider's stock worth $98,000 after purchasing an additional 205 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

EEFT has been the topic of several analyst reports. StockNews.com lowered Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Needham & Company LLC reiterated a "buy" rating and set a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Keefe, Bruyette & Woods boosted their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a "market perform" rating in a research note on Friday, February 14th. Stephens reiterated an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, February 14th. Finally, Oppenheimer reduced 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 report on Thursday, December 19th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Euronet Worldwide presently has an average rating of "Moderate Buy" and a consensus price target of $125.86.

Insider Transactions at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the completion of the transaction, the chief executive officer now owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. The trade was a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 10.50% of the company's stock.

Euronet Worldwide Trading Up 2.0 %

NASDAQ:EEFT traded up $1.82 on Friday, hitting $94.45. 330,280 shares of the stock were exchanged, compared to its average volume of 337,783. The company's 50-day moving average price is $101.39 and its 200 day moving average price is $101.19. 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, Inc. has a 52 week low of $85.24 and a 52 week high of $117.66. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 0.78 and a beta of 1.18.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. On average, equities research analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

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.