Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 40.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 32,960 shares of the business services provider's stock after acquiring an additional 9,494 shares during the period. Teacher Retirement System of Texas owned 0.08% of Euronet Worldwide worth $3,390,000 as of its most recent filing with the SEC.

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

Insider Activity

In other news, CEO Michael J. Brown sold 95,000 shares of the company'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 value of $9,565,550.00. Following the transaction, the chief executive officer now directly owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This represents a 6.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 10.50% of the company's stock.

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Analysts Set New Price Targets

EEFT has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. 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. Oppenheimer reduced their price target on Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a research report on Thursday, December 19th. Keefe, Bruyette & Woods increased their target price 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. Finally, StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Euronet Worldwide has an average rating of "Moderate Buy" and a consensus price target of $125.86.

Euronet Worldwide Trading Down 2.7 %

EEFT traded down $2.93 during trading hours on Friday, reaching $107.13. 308,540 shares of the company's stock traded hands, compared to its average volume of 325,519. The firm has a 50-day moving average price of $101.70 and a 200 day moving average price of $101.35. 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 52-week low of $91.07 and a 52-week high of $117.66. The firm has a market capitalization of $4.69 billion, a PE ratio of 16.56, a PEG ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) 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%. As a group, sell-side analysts predict that Euronet Worldwide, Inc. will post 9.11 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.