Teacher Retirement System of Texas Lowers Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Teacher Retirement System of Texas lowered its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 29.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 approximately 0.05% of Euronet Worldwide worth $2,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EEFT. Proficio Capital Partners LLC purchased a new position in Euronet Worldwide in the fourth quarter worth about $28,000. UMB Bank n.a. grew its position in Euronet Worldwide by 92.3% in the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock worth $48,000 after acquiring an additional 216 shares in the last quarter. Covestor Ltd grew its position in Euronet Worldwide by 40.9% in the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider's stock worth $73,000 after acquiring an additional 207 shares in the last quarter. Aster Capital Management DIFC Ltd grew its position in Euronet Worldwide by 15,240.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock worth $79,000 after acquiring an additional 762 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in Euronet Worldwide by 485.6% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock worth $88,000 after acquiring an additional 709 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Euronet Worldwide Trading Down 4.3%

Shares of NASDAQ:EEFT traded down $4.66 during trading hours on Friday, hitting $102.71. 359,422 shares of the company's stock traded hands, compared to its average volume of 371,124. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $114.25. The business has a fifty day moving average price of $106.72 and a 200-day moving average price of $102.46. The firm has a market capitalization of $4.44 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 0.76 and a beta of 1.23. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.60 and a quick ratio of 1.60.

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

Analyst Upgrades and Downgrades

EEFT has been the subject of several recent research reports. Needham & Company LLC dropped their price target on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Keefe, Bruyette & Woods dropped their price target on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research report on Friday, April 25th. Oppenheimer lifted their price target on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Finally, William Blair restated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $126.86.

About Euronet Worldwide

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.