Public Employees Retirement System of Ohio Purchases New Position in Euronet Worldwide, Inc. $EEFT

Public Employees Retirement System of Ohio acquired a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 84,271 shares of the business services provider’s stock, valued at approximately $6,168,000.

A number of other institutional investors have also recently bought and sold shares of EEFT. Goldman Sachs Group Inc. increased its stake in Euronet Worldwide by 17.0% in the first quarter. Goldman Sachs Group Inc. now owns 628,384 shares of the business services provider’s stock valued at $67,143,000 after purchasing an additional 91,348 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Euronet Worldwide by 4.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,475 shares of the business services provider’s stock worth $12,980,000 after purchasing an additional 5,009 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Euronet Worldwide during the first quarter worth $202,000. Geneos Wealth Management Inc. grew 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 period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Euronet Worldwide by 422.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,631 shares of the business services provider’s stock valued at $165,000 after buying an additional 1,319 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Stock Down 2.0%

Shares of EEFT stock opened at $68.14 on Wednesday. Euronet Worldwide, Inc. has a 12-month low of $62.50 and a 12-month high of $92.56. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.47. The firm has a fifty day moving average of $74.34 and a 200-day moving average of $71.28. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 0.56 and a beta of 0.83.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.82 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.11). Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.56 earnings per share. As a group, equities research analysts predict that Euronet Worldwide, Inc. will post 9.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on EEFT. Needham & Company LLC raised their price objective on Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings cut Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. DA Davidson reaffirmed a “buy” rating and set a $102.00 price target on shares of Euronet Worldwide in a research report on Friday, July 10th. Finally, Wolfe Research cut their price objective on Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating on the stock in a report on Tuesday, August 25th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $94.00.

About Euronet Worldwide

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.