Teacher Retirement System of Texas increased its position in Euronet Worldwide Inc. (NASDAQ:EEFT) by 13.7% during the second quarter, Holdings Channel reports. The institutional investor owned 7,027 shares of the company’s stock after buying an additional 847 shares during the period. Teacher Retirement System of Texas’ holdings in Euronet Worldwide were worth $486,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Euronet Worldwide during the second quarter worth about $100,000. Checchi Capital Advisers LLC increased its stake in shares of Euronet Worldwide by 1,179.0% in the second quarter. Checchi Capital Advisers LLC now owns 1,586 shares of the company’s stock worth $110,000 after buying an additional 1,462 shares in the last quarter. Smithfield Trust Co. increased its stake in shares of Euronet Worldwide by 14.6% in the second quarter. Smithfield Trust Co. now owns 2,053 shares of the company’s stock worth $142,000 after buying an additional 261 shares in the last quarter. FNY Managed Accounts LLC increased its stake in shares of Euronet Worldwide by 204.8% in the second quarter. FNY Managed Accounts LLC now owns 3,048 shares of the company’s stock worth $211,000 after buying an additional 2,048 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Euronet Worldwide during the second quarter worth about $214,000. Institutional investors own 89.92% of the company’s stock.
Shares of Euronet Worldwide Inc. (NASDAQ:EEFT) traded down 1.12% during midday trading on Thursday, reaching $82.68. The company’s stock had a trading volume of 47,752 shares. Euronet Worldwide Inc. has a 12-month low of $52.00 and a 12-month high of $84.43. The stock’s 50-day moving average price is $79.33 and its 200-day moving average price is $76.32. The company has a market cap of $4.31 billion, a P/E ratio of 30.04 and a beta of 1.49.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.07. Euronet Worldwide had a return on equity of 22.65% and a net margin of 8.01%. The business had revenue of $476.90 million for the quarter, compared to analyst estimates of $470.99 million. During the same quarter in the prior year, the company posted $0.78 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts expect that Euronet Worldwide Inc. will post $4.07 EPS for the current fiscal year.
A number of analysts recently issued reports on the company. Monness Crespi & Hardt downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating in a research report on Friday, June 10th. Zacks Investment Research downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Euronet Worldwide presently has a consensus rating of “Buy” and an average target price of $85.00.
In other news, CEO Kevin J. Caponecchi sold 58,573 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $75.52, for a total value of $4,423,432.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Jeffrey B. Newman sold 5,772 shares of the company’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $77.80, for a total value of $449,061.60. The disclosure for this sale can be found here. 7.30% of the stock is owned by insiders.
About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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