Euronet Worldwide, Inc. (EEFT) Shares Bought by State Board of Administration of Florida Retirement System
State Board of Administration of Florida Retirement System increased its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,285 shares of the business services provider’s stock after acquiring an additional 2,382 shares during the period. State Board of Administration of Florida Retirement System owned about 0.11% of Euronet Worldwide worth $5,430,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in EEFT. Janus Henderson Group PLC purchased a new position in shares of Euronet Worldwide during the 2nd quarter worth approximately $329,644,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Euronet Worldwide by 625.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 172,746 shares of the business services provider’s stock worth $15,093,000 after acquiring an additional 148,946 shares during the period. FMR LLC grew its holdings in shares of Euronet Worldwide by 4.1% during the 2nd quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock worth $309,023,000 after acquiring an additional 138,659 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Euronet Worldwide by 20.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 745,509 shares of the business services provider’s stock worth $65,132,000 after acquiring an additional 127,556 shares during the period. Finally, Boston Advisors LLC purchased a new position in shares of Euronet Worldwide during the 2nd quarter worth approximately $10,961,000. Institutional investors own 93.34% of the company’s stock.
Shares of Euronet Worldwide, Inc. (NASDAQ EEFT) opened at $90.50 on Tuesday. Euronet Worldwide, Inc. has a 12 month low of $70.51 and a 12 month high of $101.07. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $4,778.17, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 1.40 and a beta of 1.39.
Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.61. The firm had revenue of $637.90 million during the quarter, compared to analyst estimates of $595.09 million. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The business’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.35 earnings per share. equities analysts expect that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current fiscal year.
In other Euronet Worldwide news, CFO Rick Weller sold 61,740 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $97.51, for a total value of $6,020,267.40. Following the completion of the sale, the chief financial officer now owns 81,221 shares of the company’s stock, valued at $7,919,859.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael J. Brown sold 2,400 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,603,486 shares of the company’s stock, valued at approximately $160,348,600. The disclosure for this sale can be found here. In the last ninety days, insiders sold 263,755 shares of company stock valued at $25,892,468. 7.70% of the stock is owned by insiders.
Several research firms recently weighed in on EEFT. BidaskClub raised Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Zacks Investment Research raised Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research report on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $112.00 price objective on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Lake Street Capital reaffirmed a “buy” rating and issued a $99.00 price objective (up from $96.00) on shares of Euronet Worldwide in a research report on Thursday, July 27th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Euronet Worldwide in a research report on Thursday, October 19th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $108.67.
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About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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