Public Employees Retirement System of Ohio Buys 15,392 Shares of Euronet Worldwide, Inc. $EEFT

Public Employees Retirement System of Ohio increased its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 30.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 65,931 shares of the business services provider’s stock after acquiring an additional 15,392 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Euronet Worldwide were worth $4,376,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Johnson Financial Group Inc. acquired a new stake in Euronet Worldwide during the third quarter worth approximately $26,000. Danske Bank A S bought a new stake in shares of Euronet Worldwide during the third quarter worth approximately $26,000. Geneos Wealth Management Inc. grew its position in shares of Euronet Worldwide by 48.4% in 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 last quarter. Kestra Advisory Services LLC acquired a new position in shares of Euronet Worldwide in the fourth quarter valued at approximately $38,000. Finally, 1620 Investment Advisors Inc. increased its stake in shares of Euronet Worldwide by 123.1% during the fourth quarter. 1620 Investment Advisors Inc. now owns 589 shares of the business services provider’s stock worth $45,000 after purchasing an additional 325 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insider Buying and Selling at Euronet Worldwide

In other news, Director Thomas A. Mcdonnell purchased 3,000 shares of Euronet Worldwide stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average price of $66.87 per share, for a total transaction of $200,610.00. Following the transaction, the director owned 100,219 shares of the company’s stock, valued at approximately $6,701,644.53. The trade was a 3.09% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 12.19% of the company’s stock.

Euronet Worldwide Trading Up 1.1%

EEFT opened at $83.67 on Thursday. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 0.65 and a beta of 0.83. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.29. Euronet Worldwide, Inc. has a twelve month low of $62.50 and a twelve month high of $105.86. The company has a 50-day simple moving average of $72.49 and a 200 day simple moving average of $71.56.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Wednesday, April 29th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.42 by $0.16. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $969.68 million. Euronet Worldwide had a net margin of 7.15% and a return on equity of 28.37%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $1.13 EPS. Analysts predict that Euronet Worldwide, Inc. will post 9.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on EEFT. Needham & Company LLC reissued a “buy” rating and set a $85.00 price target on shares of Euronet Worldwide in a report on Friday, May 22nd. DA Davidson reiterated a “buy” rating and set a $102.00 price objective on shares of Euronet Worldwide in a research report on Friday, July 10th. Finally, Weiss Ratings raised Euronet Worldwide from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $95.00.

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.