New York State Teachers’ Retirement System Acquires 8,741 Shares of Euronet Worldwide, Inc. (NASDAQ: EEFT)
New York State Teachers Retirement System has acquired a new stake in the shares of Euronet Worldwide, Inc. (NASDAQ:EEFT – Get a rating) in the 1st trimester, HoldingsChannel reports. The institutional investor acquired 8,741 shares of the business services provider, valued at approximately $1,138,000.
Other institutional investors and hedge funds also bought and sold shares of the company. AE Wealth Management LLC increased its position in Euronet Worldwide shares by 1.9% during the fourth quarter. AE Wealth Management LLC now owns 5,514 shares of the business services provider worth $657,000 after acquiring 101 additional shares in the last quarter. Sciencast Management LP purchased a new equity stake in Euronet Worldwide during the fourth quarter at a value of $278,000. Russell Investments Group Ltd. increased its position in Euronet Worldwide shares by 12.1% during the fourth quarter. Russell Investments Group Ltd. now owns 60,403 shares of the business services provider worth $7,196,000 after acquiring an additional 6,509 shares last quarter. Strs Ohio increased its position in Euronet Worldwide shares by 12.6% during the fourth quarter. Strs Ohio now owns 120,000 shares of the business services provider worth $14,300,000 after acquiring 13,402 additional shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in the shares of Euronet Worldwide during the fourth quarter at a value of $20,616,000. 94.42% of the shares are held by institutional investors.
Wall Street analysts predict growth
EEFT has been the subject of a number of recent analyst reports. Citigroup raised its price target on Euronet Worldwide from $168.00 to $170.00 and gave the stock a “buy” rating in a Friday, June 3 research report. UBS Group launched coverage on Euronet Worldwide in a research report on Thursday, March 31. They issued a “buy” rating and a price target of $163.00 on the stock. StockNews.com launched coverage on Euronet Worldwide in a research report on Thursday, March 31. They issued a “holding” rating on the stock. Finally, Keefe, Bruyette & Woods lowered their price target on Euronet Worldwide from $164.00 to $140.00 in a Monday, July 11 research report. One equity research analyst gave the stock a hold rating and six gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $169.60.
Euronet global stock up 0.2%
Shares of NASDAQ:EEFT opened at $97.90 on Tuesday. The stock’s 50-day moving average price is $108.46 and its 200-day moving average price is $120.86. Euronet Worldwide, Inc. has a 12-month low of $92.88 and a 12-month high of $149.92. The stock has a market capitalization of $4.95 billion, a P/E ratio of 59.60 and a beta of 1.42. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt ratio of 1.54.
Euronet in the world (NASDAQ:EEFT – Get a rating) last reported quarterly earnings data on Tuesday, April 26. The business services provider reported earnings per share (EPS) of $0.51 for the quarter, missing analyst consensus estimates of $0.59 per ($0.08). Euronet Worldwide achieved a net margin of 2.89% and a return on equity of 14.04%. The company posted revenue of $718.50 million for the quarter, versus a consensus estimate of $726.46 million. During the same period last year, the company posted earnings per share of $0.11. The company’s quarterly revenue increased by 10.1% compared to the same quarter last year. On average, stock analysts expect Euronet Worldwide, Inc. to post earnings per share of 6.48 for the current year.
About Euronet Worldwide
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 Funds 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), credit and debit card outsourcing, card management, merchant acquiring and issuing services.
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