State of Tennessee Department of Treasury Sells 3,135 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

State of Tennessee Department of Treasury trimmed its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 14.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,771 shares of the business services provider’s stock after selling 3,135 shares during the quarter. State of Tennessee Department of Treasury’s holdings in Euronet Worldwide were worth $1,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in shares of Euronet Worldwide during the 4th quarter valued at about $28,000. R Squared Ltd purchased a new stake in shares of Euronet Worldwide in the 4th quarter worth $58,000. Covestor Ltd grew its holdings in Euronet Worldwide by 40.9% during the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 207 shares during the period. Aster Capital Management DIFC Ltd increased its position in Euronet Worldwide by 15,240.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider’s stock worth $79,000 after buying an additional 762 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Euronet Worldwide by 485.6% during the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 709 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Michael J. Brown sold 95,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the sale, the chief executive officer now directly owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Needham & Company LLC lowered their price objective on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. William Blair reaffirmed an “outperform” rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Stephens reissued an “overweight” rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. Finally, Keefe, Bruyette & Woods lowered their price target on Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $125.57.

Euronet Worldwide Stock Up 2.6 %

NASDAQ EEFT opened at $100.93 on Wednesday. The stock has a 50 day moving average price of $100.10 and a 200-day moving average price of $101.07. Euronet Worldwide, Inc. has a one year low of $85.24 and a one year high of $117.66. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The company has a market capitalization of $4.36 billion, a P/E ratio of 15.60, a P/E/G ratio of 0.78 and a beta of 1.18.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.13. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The company had revenue of $915.50 million for the quarter, compared to the consensus estimate of $908.93 million. During the same quarter in the prior year, the firm earned $1.28 earnings per share. Euronet Worldwide’s revenue was up 6.8% on a year-over-year basis. As a group, equities analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

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.