Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama decreased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,286 shares of the business services provider’s stock after selling 2,498 shares during the quarter. Retirement Systems of Alabama’s holdings in Euronet Worldwide were worth $5,089,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EEFT. Summit Securities Group LLC purchased a new position in shares of Euronet Worldwide during the 2nd quarter worth $57,000. 1620 Investment Advisors Inc. acquired a new position in Euronet Worldwide in the second quarter valued at about $80,000. Mendota Financial Group LLC purchased a new position in Euronet Worldwide during the third quarter worth about $100,000. Headlands Technologies LLC increased its position in shares of Euronet Worldwide by 131.8% during the second quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 605 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Euronet Worldwide by 21.6% in the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 193 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insider Transactions at Euronet Worldwide

In related news, CEO Kevin J. Caponecchi sold 52,034 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the completion of the sale, the chief executive officer now owns 90,288 shares in the company, valued at $9,625,603.68. The trade was a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Martin L. Bruckner sold 9,397 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the completion of the transaction, the senior vice president now directly owns 39,983 shares of the company’s stock, valued at $4,290,575.73. This trade represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 82,910 shares of company stock valued at $8,780,102. Insiders own 10.50% of the company’s stock.

Wall Street Analyst Weigh In

EEFT has been the subject of a number of research analyst reports. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $118.00 to $110.00 in a research report on Friday, October 18th. Oppenheimer raised their price target on Euronet Worldwide from $121.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, November 25th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday, December 12th. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Finally, StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, December 13th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $127.13.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $101.98 on Thursday. Euronet Worldwide, Inc. has a 1 year low of $91.07 and a 1 year high of $117.66. The stock has a market capitalization of $4.48 billion, a PE ratio of 14.74, a PEG ratio of 0.95 and a beta of 1.44. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50-day simple moving average of $102.04 and a 200-day simple moving average of $102.54.

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

About Euronet Worldwide

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.