Public Sector Pension Investment Board Makes New $9.96 Million Investment in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Key Points

• The Public Sector Pension Investment Board acquired 93,236 shares of Euronet Worldwide, valued at approximately $9.96 million, representing a 0.22% ownership stake in the company.
• Several institutional investors, including Invesco Ltd. and Mariner LLC, increased their holdings in Euronet Worldwide during the fourth quarter, with institutional investors owning a total of 91.60% of the company's stock.
• Euronet Worldwide reported earnings of $2.56 per share for the last quarter, missing analysts' estimates, but showed a year-over-year revenue increase of 8.9%.

Public Sector Pension Investment Board purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 93,236 shares of the business services provider's stock, valued at approximately $9,962,000. Public Sector Pension Investment Board owned approximately 0.22% of Euronet Worldwide at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EEFT. Blair William & Co. IL increased its holdings in shares of Euronet Worldwide by 2.0% in the 1st quarter. Blair William & Co. IL now owns 5,007 shares of the business services provider's stock valued at $535,000 after purchasing an additional 100 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Euronet Worldwide by 2.5% in the 1st quarter. State of Alaska Department of Revenue now owns 4,833 shares of the business services provider's stock valued at $516,000 after purchasing an additional 120 shares during the period. Fifth Third Bancorp increased its holdings in shares of Euronet Worldwide by 6.8% in the 1st quarter. Fifth Third Bancorp now owns 1,929 shares of the business services provider's stock valued at $206,000 after purchasing an additional 123 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Euronet Worldwide by 4.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,492 shares of the business services provider's stock valued at $373,000 after purchasing an additional 147 shares during the period. Finally, Vise Technologies Inc. increased its holdings in shares of Euronet Worldwide by 3.9% in the 4th quarter. Vise Technologies Inc. now owns 4,656 shares of the business services provider's stock valued at $479,000 after purchasing an additional 174 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EEFT shares. Oppenheimer upped their target price on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Needham & Company LLC dropped their target price on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, April 25th. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods lowered their price target on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Euronet Worldwide currently has an average rating of "Moderate Buy" and a consensus target price of $123.83.

Euronet Worldwide Stock Down 0.6%

Shares of NASDAQ EEFT traded down $0.62 during trading hours on Friday, hitting $95.96. The stock had a trading volume of 1,011,628 shares, compared to its average volume of 704,261. The company has a market capitalization of $3.93 billion, a P/E ratio of 13.16, a P/E/G ratio of 0.77 and a beta of 1.25. The firm's 50-day moving average price is $101.73 and its two-hundred day moving average price is $102.16. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $114.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.15.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.66 by ($0.10). The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.25 EPS. Analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

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.