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

State of Wyoming raised its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 128.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,873 shares of the business services provider's stock after acquiring an additional 3,301 shares during the quarter. State of Wyoming's holdings in Euronet Worldwide were worth $604,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in Euronet Worldwide by 0.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider's stock worth $340,955,000 after purchasing an additional 16,220 shares during the period. Janus Henderson Group PLC grew its position in shares of Euronet Worldwide by 1.5% during the 4th quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider's stock worth $142,575,000 after buying an additional 20,805 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Euronet Worldwide by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock worth $84,512,000 after buying an additional 24,569 shares during the period. Wasatch Advisors LP grew its position in shares of Euronet Worldwide by 1.0% during the 4th quarter. Wasatch Advisors LP now owns 723,785 shares of the business services provider's stock worth $74,434,000 after buying an additional 7,246 shares during the period. Finally, Voss Capital LP lifted its holdings in shares of Euronet Worldwide by 21.9% during the 4th quarter. Voss Capital LP now owns 630,000 shares of the business services provider's stock valued at $64,789,000 after purchasing an additional 113,236 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was 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 directly owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This trade represents a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.20% of the company's stock.

Euronet Worldwide Stock Performance

NASDAQ EEFT traded down $1.03 on Friday, reaching $105.13. The stock had a trading volume of 305,334 shares, compared to its average volume of 359,793. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. The firm has a fifty day moving average of $102.19 and a two-hundred day moving average of $101.98. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $117.66. The company has a market cap of $4.55 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. The business had revenue of $915.50 million during the quarter, compared to the consensus estimate of $908.93 million. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. Euronet Worldwide's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.28 EPS. On average, equities research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Needham & Company LLC cut their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Wall Street Zen cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Stephens restated an "overweight" rating and issued a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. Keefe, Bruyette & Woods cut their target price on 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, William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.