New York State Teachers Retirement System Acquires 140 Shares of Euronet Worldwide, Inc. $EEFT

New York State Teachers Retirement System grew its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,208 shares of the business services provider’s stock after acquiring an additional 140 shares during the period. New York State Teachers Retirement System owned 0.05% of Euronet Worldwide worth $2,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EEFT. Elequin Capital LP acquired a new position in Euronet Worldwide during the first quarter valued at approximately $30,000. Geneos Wealth Management Inc. boosted its holdings in shares of Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after buying an additional 109 shares during the last quarter. Atwood & Palmer Inc. grew its stake in shares of Euronet Worldwide by 43.7% in the second quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider’s stock valued at $44,000 after buying an additional 131 shares in the last quarter. UMB Bank n.a. increased its holdings in Euronet Worldwide by 46.2% during the second quarter. UMB Bank n.a. now owns 658 shares of the business services provider’s stock worth $67,000 after buying an additional 208 shares during the last quarter. Finally, LRI Investments LLC raised its position in Euronet Worldwide by 26.7% during the second quarter. LRI Investments LLC now owns 1,540 shares of the business services provider’s stock worth $156,000 after acquiring an additional 325 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

Euronet Worldwide stock opened at $89.12 on Wednesday. The firm has a market cap of $3.65 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.70 and a beta of 1.21. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15. The stock’s fifty day moving average price is $90.35 and its two-hundred day moving average price is $98.06. Euronet Worldwide, Inc. has a one year low of $82.18 and a one year high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.66 by ($0.10). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $2.25 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, research analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EEFT shares. Oppenheimer decreased their price objective on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Keefe, Bruyette & Woods lowered their price target on Euronet Worldwide from $110.00 to $100.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 1st. DA Davidson reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, September 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Euronet Worldwide in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.60.

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.