Teacher Retirement System of Texas lowered its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Rating) by 18.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,920 shares of the business services provider’s stock after selling 1,970 shares during the quarter. Teacher Retirement System of Texas’ holdings in Euronet Worldwide were worth $842,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its holdings in Euronet Worldwide by 3.2% during the fourth quarter. Raymond James Trust N.A. now owns 2,758 shares of the business services provider’s stock worth $260,000 after buying an additional 85 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in Euronet Worldwide by 0.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the business services provider’s stock worth $1,189,000 after acquiring an additional 100 shares during the last quarter. State of Michigan Retirement System boosted its holdings in shares of Euronet Worldwide by 0.8% during the 4th quarter. State of Michigan Retirement System now owns 12,017 shares of the business services provider’s stock worth $1,134,000 after buying an additional 100 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Euronet Worldwide by 18.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 747 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 117 shares in the last quarter. Finally, Huntington National Bank grew its stake in Euronet Worldwide by 40.9% in the 4th quarter. Huntington National Bank now owns 472 shares of the business services provider’s stock valued at $45,000 after buying an additional 137 shares in the last quarter. 93.16% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO Michael J. Brown sold 50,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $120.69, for a total transaction of $6,034,500.00. Following the transaction, the chief executive officer now directly owns 1,487,361 shares of the company’s stock, valued at approximately $179,509,599.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.90% of the company’s stock.
Analysts Set New Price Targets
Euronet Worldwide Price Performance
Euronet Worldwide stock opened at $111.91 on Monday. Euronet Worldwide, Inc. has a 12-month low of $71.60 and a 12-month high of $121.55. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 24.07 and a beta of 1.34. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.29. The business’s 50-day simple moving average is $111.28 and its 200 day simple moving average is $106.06.
Euronet Worldwide (NASDAQ:EEFT – Get Rating) last released its quarterly earnings data on Tuesday, May 2nd. The business services provider reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). Euronet Worldwide had a return on equity of 25.83% and a net margin of 7.15%. The company had revenue of $787.20 million for the quarter, compared to the consensus estimate of $769.46 million. As a group, research analysts anticipate that Euronet Worldwide, Inc. will post 6.77 earnings per share for the current year.
Euronet Worldwide Profile
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.
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