Treasurer of the State of North Carolina Lowers Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Treasurer of the State of North Carolina reduced its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,605 shares of the business services provider’s stock after selling 270 shares during the period. Treasurer of the State of North Carolina’s holdings in Euronet Worldwide were worth $1,913,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Xponance Inc. raised its stake in shares of Euronet Worldwide by 3.6% in the 4th quarter. Xponance Inc. now owns 4,790 shares of the business services provider’s stock valued at $493,000 after acquiring an additional 166 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Euronet Worldwide by 2.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider’s stock valued at $768,000 after purchasing an additional 169 shares during the period. Peapack Gladstone Financial Corp lifted its stake in Euronet Worldwide by 8.8% during the fourth quarter. Peapack Gladstone Financial Corp now owns 2,228 shares of the business services provider’s stock worth $229,000 after purchasing an additional 181 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Euronet Worldwide by 0.8% during the fourth quarter. New York State Teachers Retirement System now owns 23,277 shares of the business services provider’s stock worth $2,394,000 after buying an additional 196 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Euronet Worldwide by 26.1% in the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after buying an additional 205 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insider Buying and Selling

In other news, CEO Michael J. Brown sold 95,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the completion of the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. The trade was a 6.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.50% of the stock is owned by company insiders.

Euronet Worldwide Price Performance

Shares of EEFT opened at $94.70 on Friday. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 0.78 and a beta of 1.18. The firm’s fifty day simple moving average is $101.20 and its 200-day simple moving average is $101.06. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve month high of $117.66. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92.

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

Analysts Set New Price Targets

EEFT has been the topic of several research reports. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Oppenheimer dropped their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Keefe, Bruyette & Woods increased their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Finally, Stephens restated an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $125.86.

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.