Teacher Retirement System of Texas Sells 9,560 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Teacher Retirement System of Texas reduced its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 29.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,400 shares of the business services provider's stock after selling 9,560 shares during the period. Teacher Retirement System of Texas owned 0.05% of Euronet Worldwide worth $2,500,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of Euronet Worldwide by 92.3% during the 1st quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock worth $48,000 after buying an additional 216 shares during the period. Covestor Ltd boosted its holdings in Euronet Worldwide by 40.9% in the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider's stock valued at $73,000 after purchasing an additional 207 shares during the period. Aster Capital Management DIFC Ltd boosted its holdings in Euronet Worldwide by 15,240.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock valued at $79,000 after purchasing an additional 762 shares during the period. Jones Financial Companies Lllp boosted its holdings in Euronet Worldwide by 485.6% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after purchasing an additional 709 shares during the period. Finally, Versant Capital Management Inc bought a new stake in Euronet Worldwide in the 1st quarter valued at $97,000. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Price Performance

Shares of EEFT stock traded down $4.66 during mid-day trading on Friday, reaching $102.71. The company's stock had a trading volume of 359,422 shares, compared to its average volume of 371,156. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $114.25. The company has a market cap of $4.44 billion, a P/E ratio of 15.22, a PEG ratio of 0.79 and a beta of 1.23. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.60 and a current ratio of 1.60. The firm's 50-day moving average is $106.72 and its two-hundred day moving average is $102.48.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. The firm had revenue of $915.50 million during the quarter, compared to analysts' expectations of $908.93 million. Euronet Worldwide had a net margin of 7.88% and a return on equity of 26.97%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.28 EPS. On average, research analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EEFT shares. Needham & Company LLC reduced their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday, April 25th. Keefe, Bruyette & Woods reduced their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a report on Friday, April 25th. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Finally, Oppenheimer increased their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $126.86.

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.