New York State Common Retirement Fund Cuts Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

New York State Common Retirement Fund decreased its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 10.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,760 shares of the business services provider's stock after selling 2,500 shares during the period. New York State Common Retirement Fund's holdings in Euronet Worldwide were worth $2,135,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Thompson Siegel & Walmsley LLC grew its stake in Euronet Worldwide by 5.4% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider's stock worth $16,004,000 after purchasing an additional 8,230 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Euronet Worldwide by 28.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider's stock valued at $1,236,000 after acquiring an additional 2,632 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Euronet Worldwide in the third quarter worth approximately $15,258,000. Holocene Advisors LP acquired a new position in shares of Euronet Worldwide during the third quarter worth $666,000. Finally, Reinhart Partners LLC. increased its holdings in Euronet Worldwide by 3.4% in the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider's stock valued at $64,496,000 after buying an additional 20,824 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

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Euronet Worldwide Price Performance

Shares of NASDAQ EEFT traded up $1.26 during midday trading on Wednesday, hitting $96.99. The company had a trading volume of 266,816 shares, compared to its average volume of 335,136. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 14.99, a price-to-earnings-growth ratio of 0.78 and a beta of 1.43. 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 business has a 50-day simple moving average of $100.47 and a two-hundred day simple moving average of $101.29. Euronet Worldwide, Inc. has a twelve month low of $91.07 and a twelve month high of $117.66.

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

Insider Buying and Selling at Euronet Worldwide

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 sale, the chief executive officer now owns 52,370 shares of the company's stock, valued at $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 10.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on EEFT shares. Oppenheimer decreased their price target on Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating for the company in a report on Thursday, December 19th. Keefe, Bruyette & Woods increased their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the company a "market perform" rating in a report on Friday, February 14th. Stephens reaffirmed an "overweight" rating and set a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. StockNews.com cut 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 report on Thursday, December 12th. 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.