NJ State Employees Deferred Compensation Plan reduced its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 70.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,000 shares of the business services provider’s stock after selling 14,000 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Euronet Worldwide were worth $569,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Alps Advisors Inc. boosted its holdings in shares of Euronet Worldwide by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,753 shares of the business services provider’s stock worth $503,000 after purchasing an additional 15 shares during the period. Renaissance Group LLC boosted its holdings in shares of Euronet Worldwide by 0.9% during the second quarter. Renaissance Group LLC now owns 3,864 shares of the business services provider’s stock worth $338,000 after purchasing an additional 36 shares during the period. American Century Companies Inc. boosted its holdings in shares of Euronet Worldwide by 1.9% during the second quarter. American Century Companies Inc. now owns 4,972 shares of the business services provider’s stock worth $434,000 after purchasing an additional 94 shares during the period. NGAM Advisors L.P. boosted its holdings in shares of Euronet Worldwide by 0.3% during the second quarter. NGAM Advisors L.P. now owns 29,932 shares of the business services provider’s stock worth $2,616,000 after purchasing an additional 95 shares during the period. Finally, Utah Retirement Systems boosted its holdings in shares of Euronet Worldwide by 1.1% during the second quarter. Utah Retirement Systems now owns 9,200 shares of the business services provider’s stock worth $804,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 93.97% of the company’s stock.

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In other news, CFO Rick Weller sold 76,563 shares of the stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $97.51, for a total value of $7,465,658.13. Following the completion of the sale, the chief financial officer now owns 81,221 shares of the company’s stock, valued at approximately $7,919,859.71. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Nikos Fountas sold 20,789 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $96.72, for a total value of $2,010,712.08. The disclosure for this sale can be found here. In the last three months, insiders sold 284,544 shares of company stock valued at $27,903,180. 7.70% of the stock is currently owned by insiders.

EEFT has been the subject of several research reports. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research note on Friday, October 6th. DA Davidson started coverage on shares of Euronet Worldwide in a research note on Wednesday, July 19th. They issued a “buy” rating and a $105.00 target price for the company. Lake Street Capital reiterated a “buy” rating and issued a $99.00 target price (up from $96.00) on shares of Euronet Worldwide in a research note on Thursday, July 27th. Finally, BidaskClub upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $108.67.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Thursday, October 19th. The business services provider reported $1.61 earnings per share for the quarter, hitting the consensus estimate of $1.61. The company had revenue of $637.90 million during the quarter, compared to analysts’ expectations of $595.09 million. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. The business’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period last year, the business earned $1.35 EPS.

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.

Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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