Arizona State Retirement System Sells 235 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Arizona State Retirement System trimmed its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,188 shares of the business services provider’s stock after selling 235 shares during the quarter. Arizona State Retirement System’s holdings in Euronet Worldwide were worth $1,338,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. M&T Bank Corp lifted its holdings in Euronet Worldwide by 3.8% in the third quarter. M&T Bank Corp now owns 3,807 shares of the business services provider’s stock valued at $303,000 after buying an additional 141 shares during the period. Belpointe Asset Management LLC increased its stake in Euronet Worldwide by 236.9% in the first quarter. Belpointe Asset Management LLC now owns 219 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 154 shares in the last quarter. Vident Investment Advisory LLC increased its stake in Euronet Worldwide by 3.6% in the first quarter. Vident Investment Advisory LLC now owns 4,828 shares of the business services provider’s stock valued at $628,000 after purchasing an additional 169 shares in the last quarter. VisionPoint Advisory Group LLC increased its stake in Euronet Worldwide by 101.8% in the third quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 171 shares in the last quarter. Finally, SkyView Investment Advisors LLC increased its stake in Euronet Worldwide by 5.5% in the third quarter. SkyView Investment Advisors LLC now owns 3,572 shares of the business services provider’s stock valued at $283,000 after purchasing an additional 186 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Trading Down 1.9 %

Shares of EEFT stock opened at $104.16 on Monday. Euronet Worldwide, Inc. has a 52-week low of $73.84 and a 52-week high of $121.55. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.54 and a current ratio of 1.54. The company has a 50-day simple moving average of $107.96 and a two-hundred day simple moving average of $95.87. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 18.87 and a beta of 1.39.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.34. Euronet Worldwide had a net margin of 7.63% and a return on equity of 25.23%. The business had revenue of $957.70 million during the quarter, compared to the consensus estimate of $844.59 million. During the same period in the prior year, the firm posted $1.12 EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Research analysts anticipate that Euronet Worldwide, Inc. will post 7.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Monness Crespi & Hardt assumed coverage on shares of Euronet Worldwide in a research note on Wednesday, March 20th. They issued a “buy” rating and a $140.00 price target for the company. Stephens raised shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 target price for the company in a research report on Thursday, February 1st. Evercore ISI boosted their target price on shares of Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Needham & Company LLC boosted their target price on shares of Euronet Worldwide from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Finally, StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and an average target price of $116.38.

Euronet Worldwide 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.