Public Employees Retirement System of Ohio Makes New $6.17 Million Investment in Euronet Worldwide, Inc. $EEFT

Public Employees Retirement System of Ohio bought a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFTFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 84,271 shares of the business services provider’s stock, valued at approximately $6,168,000. Public Employees Retirement System of Ohio owned about 0.22% of Euronet Worldwide as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EEFT. Johnson Financial Group Inc. bought a new stake in Euronet Worldwide during the 3rd quarter worth about $26,000. Danske Bank A S acquired a new position in shares of Euronet Worldwide during the third quarter worth approximately $26,000. Geneos Wealth Management Inc. lifted its position in shares of Euronet Worldwide by 48.4% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after purchasing an additional 109 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Euronet Worldwide during the fourth quarter valued at approximately $38,000. Finally, PenderFund Capital Management Ltd. bought a new stake in shares of Euronet Worldwide during the second quarter valued at approximately $42,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EEFT has been the subject of several research analyst reports. Wolfe Research dropped their price objective on shares of Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating for the company in a research report on Tuesday, August 25th. Weiss Ratings lowered Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. DA Davidson reissued a “buy” rating and issued a $102.00 target price on shares of Euronet Worldwide in a research note on Friday, July 10th. Finally, Needham & Company LLC boosted their target price on Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Three equities 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $94.00.

Check Out Our Latest Analysis on Euronet Worldwide

Euronet Worldwide Trading Down 2.0%

Shares of NASDAQ EEFT opened at $68.14 on Wednesday. Euronet Worldwide, Inc. has a fifty-two week low of $62.50 and a fifty-two week high of $92.56. The firm has a market capitalization of $2.59 billion, a P/E ratio of 10.70, a P/E/G ratio of 0.56 and a beta of 0.83. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.37 and a quick ratio of 1.37. The company’s 50 day simple moving average is $74.34 and its 200 day simple moving average is $71.28.

Euronet Worldwide (NASDAQ:EEFTGet Free Report) last issued its earnings results 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 posted $2.56 EPS. On average, analysts predict that Euronet Worldwide, Inc. will post 9.55 EPS for the current year.

About Euronet Worldwide

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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