Louisiana State Employees Retirement System Invests $1.25 Million in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Louisiana State Employees Retirement System acquired a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,300 shares of the business services provider's stock, valued at approximately $1,248,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Euronet Worldwide by 17.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,710,006 shares of the business services provider's stock valued at $294,500,000 after purchasing an additional 548,457 shares during the last quarter. Van Berkom & Associates Inc. grew its holdings in shares of Euronet Worldwide by 48.6% during the third quarter. Van Berkom & Associates Inc. now owns 1,069,693 shares of the business services provider's stock valued at $84,912,000 after purchasing an additional 349,720 shares during the last quarter. Reinhart Partners LLC. grew its holdings in shares of Euronet Worldwide by 14.7% during the fourth quarter. Reinhart Partners LLC. now owns 533,825 shares of the business services provider's stock valued at $54,178,000 after purchasing an additional 68,596 shares during the last quarter. New South Capital Management Inc. grew its holdings in shares of Euronet Worldwide by 15.5% during the third quarter. New South Capital Management Inc. now owns 464,105 shares of the business services provider's stock valued at $36,841,000 after purchasing an additional 62,125 shares during the last quarter. Finally, Burgundy Asset Management Ltd. bought a new position in shares of Euronet Worldwide during the third quarter valued at approximately $35,309,000. Institutional investors and hedge funds own 91.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EEFT shares. StockNews.com raised Euronet Worldwide from a "hold" rating to a "buy" rating in a report on Thursday, February 15th. DA Davidson reissued a "buy" rating and issued a $126.00 price objective on shares of Euronet Worldwide in a report on Monday, April 15th. Monness Crespi & Hardt began coverage on Euronet Worldwide in a report on Wednesday, March 20th. They issued a "buy" rating and a $140.00 price objective for the company. Citigroup upgraded Euronet Worldwide from a "neutral" rating to a "buy" rating and lifted their price target for the company from $116.00 to $120.00 in a research report on Monday. Finally, Needham & Company LLC lifted their price target on Euronet Worldwide from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, February 7th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $120.75.

Euronet Worldwide Stock Up 1.8 %

Shares of Euronet Worldwide stock traded up $1.92 during midday trading on Tuesday, hitting $105.81. The company's stock had a trading volume of 203,757 shares, compared to its average volume of 272,382. The firm has a market capitalization of $4.85 billion, a P/E ratio of 19.17 and a beta of 1.39. The stock has a 50-day simple moving average of $107.80 and a 200-day simple moving average of $96.88. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.37. Euronet Worldwide, Inc. has a 1-year low of $73.84 and a 1-year high of $121.55.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its earnings results on Wednesday, February 7th. The business services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.54 by $0.34. The business had revenue of $957.70 million during the quarter, compared to analysts' expectations of $844.59 million. Euronet Worldwide had a return on equity of 25.23% and a net margin of 7.63%. Euronet Worldwide's revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 earnings per share. As a group, sell-side analysts expect that Euronet Worldwide, Inc. will post 7.51 earnings per share for the current 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.