State of Wyoming Increases Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

State of Wyoming boosted its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 128.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,873 shares of the business services provider's stock after purchasing an additional 3,301 shares during the period. State of Wyoming's holdings in Euronet Worldwide were worth $604,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Xponance Inc. raised its stake in shares of Euronet Worldwide by 3.6% in the 4th quarter. Xponance Inc. now owns 4,790 shares of the business services provider's stock valued at $493,000 after acquiring an additional 166 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Euronet Worldwide by 2.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,469 shares of the business services provider's stock valued at $768,000 after acquiring an additional 169 shares during the period. Peapack Gladstone Financial Corp raised its stake in shares of Euronet Worldwide by 8.8% in the 4th quarter. Peapack Gladstone Financial Corp now owns 2,228 shares of the business services provider's stock valued at $229,000 after acquiring an additional 181 shares during the period. New York State Teachers Retirement System raised its stake in shares of Euronet Worldwide by 0.8% in the 4th quarter. New York State Teachers Retirement System now owns 23,277 shares of the business services provider's stock valued at $2,394,000 after acquiring an additional 196 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Euronet Worldwide by 26.1% in the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider's stock valued at $98,000 after acquiring an additional 205 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Michael J. Brown sold 95,000 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the transaction, the chief executive officer now owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This represents a 6.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 11.20% of the company's stock.

Euronet Worldwide Stock Down 4.2%

EEFT traded down $4.62 during trading hours on Wednesday, hitting $106.45. 463,969 shares of the company's stock were exchanged, compared to its average volume of 358,451. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $117.66. The firm has a 50 day moving average of $102.18 and a 200 day moving average of $101.92. The firm has a market cap of $4.60 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, hitting the consensus estimate of $1.13. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The company had revenue of $915.50 million during the quarter, compared to analysts' expectations of $908.93 million. During the same quarter in the previous year, the business posted $1.28 EPS. The firm's revenue was up 6.8% on a year-over-year basis. Analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Stephens reissued an "overweight" rating and issued a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, February 14th. StockNews.com downgraded shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Keefe, Bruyette & Woods reduced their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research note on Friday, April 25th. Finally, Needham & Company LLC reduced their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $125.57.

Euronet Worldwide 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.