Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 12.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 31,799 shares of the business services provider’s stock after selling 4,478 shares during the quarter. New York State Common Retirement Fund’s holdings in Euronet Worldwide were worth $3,227,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EEFT. M&T Bank Corp increased its stake in Euronet Worldwide by 3.8% in the 3rd quarter. M&T Bank Corp now owns 3,807 shares of the business services provider’s stock worth $303,000 after purchasing an additional 141 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Euronet Worldwide by 189.9% in the fourth quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after buying an additional 169 shares during the period. VisionPoint Advisory Group LLC increased its position in shares of Euronet Worldwide by 101.8% in the third quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock worth $27,000 after acquiring an additional 171 shares in the last quarter. SkyView Investment Advisors LLC raised its holdings in shares of Euronet Worldwide by 5.5% during the third quarter. SkyView Investment Advisors LLC now owns 3,572 shares of the business services provider’s stock valued at $283,000 after acquiring an additional 186 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in shares of Euronet Worldwide by 37.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 698 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 191 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Stock Up 2.0 %

EEFT stock opened at $112.41 on Tuesday. The firm has a market cap of $5.16 billion, a PE ratio of 19.79 and a beta of 1.39. Euronet Worldwide, Inc. has a 1 year low of $73.84 and a 1 year high of $121.55. The company has a fifty day simple moving average of $107.44 and a 200 day simple moving average of $98.99. The company has a current ratio of 1.33, a quick ratio of 1.54 and a debt-to-equity ratio of 1.01.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.34. The company had revenue of $957.70 million during the quarter, compared to analysts’ expectations of $844.59 million. Euronet Worldwide had a return on equity of 26.71% and a net margin of 7.63%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 earnings per share. Sell-side analysts anticipate that Euronet Worldwide, Inc. will post 7.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a research note on Wednesday, May 1st. DA Davidson increased their price objective on Euronet Worldwide from $126.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday. Needham & Company LLC lifted their target price on Euronet Worldwide from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods increased their price target on shares of Euronet Worldwide from $115.00 to $116.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Finally, Stephens raised shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 price objective on the stock in a research report on Thursday, February 1st. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.89.

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.