Euronet Worldwide, Inc. (NASDAQ:EEFT) Stock Holdings Reduced by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 11.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,187 shares of the business services provider’s stock after selling 675 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Euronet Worldwide were worth $570,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its stake in shares of Euronet Worldwide by 17.6% during the 4th quarter. Fifth Third Bancorp now owns 1,434 shares of the business services provider’s stock worth $146,000 after acquiring an additional 215 shares in the last quarter. UMB Bank n.a. bought a new stake in shares of Euronet Worldwide during the 4th quarter worth about $101,000. Asset Management One Co. Ltd. boosted its stake in shares of Euronet Worldwide by 37.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 698 shares of the business services provider’s stock worth $72,000 after acquiring an additional 191 shares in the last quarter. Cambiar Investors LLC boosted its stake in shares of Euronet Worldwide by 78.5% during the 4th quarter. Cambiar Investors LLC now owns 124,196 shares of the business services provider’s stock worth $12,605,000 after acquiring an additional 54,601 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Euronet Worldwide by 52.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,218 shares of the business services provider’s stock worth $428,000 after acquiring an additional 1,452 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of Euronet Worldwide in a research note on Wednesday, May 1st. Wolfe Research upgraded Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Friday, May 17th. DA Davidson increased their target price on Euronet Worldwide from $126.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Citigroup increased their target price on Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Finally, StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.11.

Euronet Worldwide Stock Down 2.4 %

NASDAQ:EEFT opened at $99.53 on Friday. Euronet Worldwide, Inc. has a 12-month low of $73.84 and a 12-month high of $117.66. The company has a quick ratio of 1.33, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $4.56 billion, a P/E ratio of 17.52 and a beta of 1.45. The stock’s fifty day simple moving average is $106.88 and its 200-day simple moving average is $106.93.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.21. The firm had revenue of $986.20 million for the quarter, compared to the consensus estimate of $1.09 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $1.84 EPS. Equities research analysts expect that Euronet Worldwide, Inc. will post 7.9 earnings per share for the current year.

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.