Healthcare of Ontario Pension Plan Trust Fund Purchases 4,070 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Posted by Defense World Staff on Mar 2nd, 2023

Healthcare of Ontario Pension Plan Trust Fund increased its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Rating) by 686.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,663 shares of the business services provider’s stock after acquiring an additional 4,070 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Euronet Worldwide were worth $353,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of EEFT. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Euronet Worldwide in the 1st quarter valued at about $211,000. Bank of Montreal Can increased its holdings in Euronet Worldwide by 39.2% during the 1st quarter. Bank of Montreal Can now owns 12,604 shares of the business services provider’s stock valued at $1,587,000 after purchasing an additional 3,549 shares during the period. Rhumbline Advisers increased its holdings in Euronet Worldwide by 169.2% during the 1st quarter. Rhumbline Advisers now owns 140,005 shares of the business services provider’s stock valued at $18,222,000 after purchasing an additional 87,988 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Euronet Worldwide during the 1st quarter valued at about $2,521,000. Finally, Great West Life Assurance Co. Can increased its holdings in Euronet Worldwide by 886.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 28,734 shares of the business services provider’s stock valued at $3,844,000 after purchasing an additional 25,821 shares during the period. Institutional investors own 93.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EEFT shares. Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and set a $117.00 target price on the stock. in a report on Monday, January 23rd. Wolfe Research downgraded Euronet Worldwide from a “peer perform” rating to an “underperform” rating and set a $98.00 price target on the stock. in a research note on Thursday, January 5th. Needham & Company LLC upped their price target on Euronet Worldwide from $105.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th. Stephens restated an “equal weight” rating and issued a $100.00 price target on shares of Euronet Worldwide in a research note on Wednesday, February 8th. Finally, UBS Group upped their price target on Euronet Worldwide from $131.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Euronet Worldwide has a consensus rating of “Hold” and an average price target of $119.38.

Euronet Worldwide Stock Performance

EEFT stock opened at $109.44 on Thursday. The stock has a market capitalization of $5.45 billion, a PE ratio of 24.70 and a beta of 1.37. Euronet Worldwide, Inc. has a 12-month low of $71.60 and a 12-month high of $141.20. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.29. The stock’s 50 day simple moving average is $106.18 and its 200 day simple moving average is $93.74.

About Euronet Worldwide

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Euronet Worldwide, Inc engages in the provision of electronic payment and transaction processing and distribution solutions. Its products and services include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, software solutions and cloud based payment solutions, electronic distribution of electronic payment products, foreign exchange services, and international payment services.