Public Employees Retirement Association of Colorado Sells 272 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Public Employees Retirement Association of Colorado decreased its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 5.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,915 shares of the business services provider’s stock after selling 272 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Euronet Worldwide were worth $509,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in Euronet Worldwide in the 1st quarter worth approximately $50,000. Summit Securities Group LLC bought a new position in shares of Euronet Worldwide during the second quarter worth $57,000. Covestor Ltd grew its stake in Euronet Worldwide by 174.9% during the first quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 348 shares in the last quarter. GAMMA Investing LLC increased its holdings in Euronet Worldwide by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after acquiring an additional 241 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in Euronet Worldwide in the 2nd quarter worth $80,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Thomas A. Mcdonnell purchased 3,206 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the purchase, the director now owns 90,000 shares in the company, valued at approximately $8,447,400. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Juan Bianchi sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the sale, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The disclosure for this sale can be found here. 10.50% of the stock is owned by corporate insiders.

Euronet Worldwide Price Performance

Shares of EEFT stock opened at $99.02 on Friday. The stock has a 50 day moving average price of $100.75 and a 200 day moving average price of $105.77. Euronet Worldwide, Inc. has a 52-week low of $73.84 and a 52-week high of $117.66. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $4.45 billion, a P/E ratio of 17.43 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.21. The business had revenue of $986.20 million during the quarter, compared to the consensus estimate of $1.09 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $1.84 earnings per share. As a group, sell-side analysts predict that Euronet Worldwide, Inc. will post 7.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EEFT has been the subject of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Euronet Worldwide in a research report on Wednesday, September 4th. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Monness Crespi & Hardt upped their price objective on Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Euronet Worldwide has an average rating of “Moderate Buy” and a consensus target price of $124.11.

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.