Teachers Retirement System of The State of Kentucky Sells 290 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Teachers Retirement System of The State of Kentucky reduced its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,830 shares of the business services provider’s stock after selling 290 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Euronet Worldwide were worth $1,628,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in Euronet Worldwide in the fourth quarter worth approximately $53,072,000. First Trust Advisors LP increased its stake in shares of Euronet Worldwide by 59.0% in the 4th quarter. First Trust Advisors LP now owns 190,612 shares of the business services provider’s stock valued at $19,602,000 after acquiring an additional 70,719 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Euronet Worldwide by 57.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 175,027 shares of the business services provider’s stock valued at $18,000,000 after acquiring an additional 63,785 shares during the period. Renaissance Technologies LLC boosted its stake in Euronet Worldwide by 28.7% during the fourth quarter. Renaissance Technologies LLC now owns 248,345 shares of the business services provider’s stock worth $25,540,000 after acquiring an additional 55,345 shares in the last quarter. Finally, Foundry Partners LLC acquired a new stake in Euronet Worldwide in the fourth quarter worth $5,369,000. 91.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Euronet Worldwide Stock Down 2.2 %

Shares of NASDAQ:EEFT opened at $96.79 on Friday. The business’s 50 day moving average is $100.41 and its 200 day moving average is $101.04. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $117.66. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 0.78 and a beta of 1.18. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. On average, sell-side analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael J. Brown sold 95,000 shares of the company’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 transaction, the chief executive officer now directly owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. This represents a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.20% of the stock is currently owned by insiders.

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.