Strs Ohio Sells 14,921 Shares of Euronet Worldwide, Inc. $EEFT

Strs Ohio lessened its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 93.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 970 shares of the business services provider’s stock after selling 14,921 shares during the period. Strs Ohio’s holdings in Euronet Worldwide were worth $85,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EEFT. Geneos Wealth Management Inc. boosted its stake in shares of Euronet Worldwide by 48.4% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 109 shares during the period. PNC Financial Services Group Inc. increased its stake in Euronet Worldwide by 4.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,420 shares of the business services provider’s stock worth $245,000 after buying an additional 113 shares during the period. Evergreen Capital Management LLC lifted its holdings in Euronet Worldwide by 0.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 34,035 shares of the business services provider’s stock valued at $3,450,000 after buying an additional 129 shares in the last quarter. Lecap Asset Management Ltd. boosted its position in Euronet Worldwide by 2.9% in the 3rd quarter. Lecap Asset Management Ltd. now owns 4,550 shares of the business services provider’s stock valued at $400,000 after buying an additional 129 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in Euronet Worldwide by 3.2% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,228 shares of the business services provider’s stock worth $429,000 after acquiring an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Trading Up 4.8%

Shares of NASDAQ EEFT opened at $70.98 on Thursday. Euronet Worldwide, Inc. has a 1-year low of $67.00 and a 1-year high of $114.25. The business has a fifty day moving average price of $74.83 and a 200 day moving average price of $82.94. The stock has a market capitalization of $2.98 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 0.53 and a beta of 0.82. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.15.

Analyst Ratings Changes

Several analysts have recently weighed in on EEFT shares. Wall Street Zen downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Needham & Company LLC lowered their target price on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Monness Crespi & Hardt lowered Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Weiss Ratings lowered shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 26th. Finally, DA Davidson cut their target price on shares of Euronet Worldwide from $124.00 to $112.00 and set a “buy” rating on the stock in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $108.33.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.