Public Employees Retirement Association of Colorado reduced its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 11,736 shares of the business services provider’s stock after selling 3 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Euronet Worldwide were worth $1,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EEFT. American Century Companies Inc. increased its position in shares of Euronet Worldwide by 2.6% in the first quarter. American Century Companies Inc. now owns 4,878 shares of the business services provider’s stock worth $417,000 after buying an additional 124 shares during the period. Scout Investments Inc. increased its position in shares of Euronet Worldwide by 3.8% in the first quarter. Scout Investments Inc. now owns 3,647 shares of the business services provider’s stock worth $270,000 after buying an additional 132 shares during the period. Essex Investment Management Co. LLC increased its position in shares of Euronet Worldwide by 2.6% in the first quarter. Essex Investment Management Co. LLC now owns 5,392 shares of the business services provider’s stock worth $461,000 after buying an additional 137 shares during the period. Sawtooth Solutions LLC increased its position in shares of Euronet Worldwide by 5.9% in the first quarter. Sawtooth Solutions LLC now owns 3,280 shares of the business services provider’s stock worth $281,000 after buying an additional 184 shares during the period. Finally, Coe Capital Management LLC increased its position in shares of Euronet Worldwide by 3.5% in the first quarter. Coe Capital Management LLC now owns 7,165 shares of the business services provider’s stock worth $613,000 after buying an additional 240 shares during the period. 93.95% of the stock is owned by institutional investors and hedge funds.

Shares of Euronet Worldwide, Inc. (EEFT) opened at 96.61 on Wednesday. The company’s 50 day moving average is $92.16 and its 200 day moving average is $85.76. Euronet Worldwide, Inc. has a one year low of $70.51 and a one year high of $97.92. The company has a market cap of $5.08 billion, a P/E ratio of 31.18 and a beta of 1.34.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.01. The company had revenue of $536.60 million during the quarter, compared to analyst estimates of $513.10 million. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. On average, equities analysts predict that Euronet Worldwide, Inc. will post $4.55 earnings per share for the current year.

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A number of research analysts have recently commented on the stock. BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 6th. Zacks Investment Research downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Lake Street Capital reissued a “buy” rating and issued a $99.00 price objective (up previously from $96.00) on shares of Euronet Worldwide in a research report on Thursday, July 27th. Finally, DA Davidson assumed coverage on shares of Euronet Worldwide in a research report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price objective for the company. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $100.20.

In related news, CEO Nikos Fountas sold 20,789 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $96.72, for a total transaction of $2,010,712.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Juan Bianchi sold 18,126 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $88.01, for a total transaction of $1,595,269.26. Following the transaction, the chief executive officer now owns 9,534 shares of the company’s stock, valued at approximately $839,087.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 126,883 shares of company stock valued at $11,968,683. 7.70% of the stock is owned by company 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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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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