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% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,799 shares of the business services provider’s stock after selling 4,478 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of Euronet Worldwide worth $3,227,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in 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 acquiring an additional 169 shares during the last quarter. VisionPoint Advisory Group LLC grew its stake in shares of Euronet Worldwide by 101.8% during the third quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock worth $27,000 after purchasing an additional 171 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Euronet Worldwide by 37.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 698 shares of the business services provider’s stock valued at $72,000 after buying an additional 191 shares during the last quarter. Headlands Technologies LLC purchased a new position in Euronet Worldwide in the third quarter valued at $85,000. Finally, UMB Bank n.a. acquired a new stake in Euronet Worldwide in the fourth quarter valued at $101,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT opened at $112.41 on Tuesday. Euronet Worldwide, Inc. has a 52 week low of $73.84 and a 52 week high of $121.55. The company has a 50-day moving average price of $107.44 and a 200 day moving average price of $98.99. The company has a market cap of $5.16 billion, a P/E ratio of 19.79 and a beta of 1.39. The company has a quick ratio of 1.54, a current ratio of 1.33 and a debt-to-equity ratio of 1.01.

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

Analyst Upgrades and Downgrades

EEFT has been the topic of several research analyst reports. William Blair reiterated an “outperform” rating on shares of Euronet Worldwide in a research note on Wednesday, May 1st. Monness Crespi & Hardt began coverage on shares of Euronet Worldwide in a research report on Wednesday, March 20th. They set a “buy” rating and a $140.00 target price on the stock. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Citigroup raised shares of Euronet Worldwide from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $116.00 to $120.00 in a research report on Monday, April 22nd. Finally, Stephens raised shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 target price for the company in a report on Thursday, February 1st. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Euronet Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $121.89.

Euronet Worldwide 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.