California Public Employees Retirement System Has $10.20 Million Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

California Public Employees Retirement System reduced its stake in Euronet Worldwide, Inc. (NASDAQ:EEFTGet Rating) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,429 shares of the business services provider’s stock after selling 4,895 shares during the period. California Public Employees Retirement System owned 0.20% of Euronet Worldwide worth $10,203,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Euronet Worldwide by 11.4% in the second quarter. Principal Financial Group Inc. now owns 199,990 shares of the business services provider’s stock valued at $20,117,000 after buying an additional 20,410 shares during the period. SeaCrest Wealth Management LLC bought a new position in shares of Euronet Worldwide during the second quarter worth $25,000. Duality Advisers LP grew its holdings in shares of Euronet Worldwide by 164.7% in the 2nd quarter. Duality Advisers LP now owns 5,129 shares of the business services provider’s stock valued at $516,000 after buying an additional 3,191 shares during the period. Walleye Capital LLC bought a new stake in shares of Euronet Worldwide in the 2nd quarter valued at $10,247,000. Finally, Baird Financial Group Inc. raised its stake in Euronet Worldwide by 1.6% during the 2nd quarter. Baird Financial Group Inc. now owns 454,924 shares of the business services provider’s stock worth $45,761,000 after buying an additional 7,203 shares during the period. 93.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EEFT. DA Davidson dropped their price target on Euronet Worldwide from $170.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, October 6th. Citigroup raised their target price on shares of Euronet Worldwide from $95.00 to $98.00 and gave the stock a “buy” rating in a report on Tuesday, October 25th. Wolfe Research cut shares of Euronet Worldwide from an “outperform” rating to a “peer perform” rating in a report on Friday, July 29th. StockNews.com assumed coverage on shares of Euronet Worldwide in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, UBS Group reduced their target price on shares of Euronet Worldwide from $174.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $113.25.

Euronet Worldwide Stock Down 0.8 %

EEFT stock opened at $89.40 on Tuesday. Euronet Worldwide, Inc. has a twelve month low of $71.60 and a twelve month high of $149.92. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 29.22 and a beta of 1.36. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.39. The business has a 50 day moving average price of $82.55 and a two-hundred day moving average price of $95.91.

About Euronet Worldwide

(Get Rating)

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers, and individual consumers worldwide. The company's 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 card outsourcing, card issuing, and merchant acquiring services.

See Also

Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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