Public Employees Retirement System of Ohio Decreases Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Public Employees Retirement System of Ohio cut its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,407 shares of the business services provider’s stock after selling 803 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Euronet Worldwide were worth $1,628,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Summit Securities Group LLC purchased a new stake in shares of Euronet Worldwide in the second quarter valued at approximately $57,000. 1620 Investment Advisors Inc. acquired a new position in Euronet Worldwide during the second quarter worth $80,000. Mendota Financial Group LLC acquired a new position in Euronet Worldwide during the third quarter worth $100,000. Quarry LP raised its holdings in Euronet Worldwide by 21.6% during the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock worth $108,000 after purchasing an additional 193 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in Euronet Worldwide during the third quarter worth $109,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Euronet Worldwide news, SVP Martin L. Bruckner sold 9,397 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the sale, the senior vice president now owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. The trade was a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $103.56, for a total value of $2,224,365.24. Following the sale, the chief executive officer now directly owns 52,370 shares of the company’s stock, valued at approximately $5,423,437.20. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,910 shares of company stock valued at $8,780,102 over the last quarter. Company insiders own 10.50% of the company’s stock.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT opened at $101.98 on Thursday. The company has a market cap of $4.48 billion, a P/E ratio of 14.74, a P/E/G ratio of 0.95 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide, Inc. has a 52 week low of $91.07 and a 52 week high of $117.66. The business has a fifty day simple moving average of $102.04 and a 200-day simple moving average of $102.54.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same quarter in the previous year, the business earned $2.53 earnings per share. Equities research analysts forecast that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EEFT. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, December 13th. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. DA Davidson reaffirmed a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a report on Thursday, December 12th. Finally, Oppenheimer boosted their price target on Euronet Worldwide from $121.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.13.

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.