Texas Permanent School Fund Takes Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Texas Permanent School Fund purchased a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFTGet Rating) in the first quarter, HoldingsChannel reports. The firm purchased 37,472 shares of the business services provider’s stock, valued at approximately $4,877,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EEFT. Raymond James Trust N.A. raised its position in shares of Euronet Worldwide by 15.4% in the fourth quarter. Raymond James Trust N.A. now owns 2,158 shares of the business services provider’s stock valued at $257,000 after buying an additional 288 shares in the last quarter. FDx Advisors Inc. raised its position in shares of Euronet Worldwide by 20.2% in the fourth quarter. FDx Advisors Inc. now owns 2,354 shares of the business services provider’s stock valued at $281,000 after buying an additional 396 shares in the last quarter. Fifth Third Bancorp raised its position in Euronet Worldwide by 6.4% during the fourth quarter. Fifth Third Bancorp now owns 3,813 shares of the business services provider’s stock valued at $454,000 after purchasing an additional 229 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in Euronet Worldwide by 4.6% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 9,807 shares of the business services provider’s stock valued at $1,169,000 after purchasing an additional 432 shares in the last quarter. Finally, Missouri Trust & Investment Co acquired a new position in Euronet Worldwide during the fourth quarter valued at approximately $51,000. 94.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. UBS Group lowered their price objective on shares of Euronet Worldwide from $174.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Wolfe Research downgraded shares of Euronet Worldwide from an “outperform” rating to a “peer perform” rating in a research report on Friday, July 29th. Needham & Company LLC lowered their price objective on shares of Euronet Worldwide from $190.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, July 29th. Keefe, Bruyette & Woods lowered their price objective on shares of Euronet Worldwide from $164.00 to $140.00 in a research report on Monday, July 11th. Finally, DA Davidson lowered their price objective on shares of Euronet Worldwide from $170.00 to $150.00 in a research report on Friday, July 29th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.29.

Euronet Worldwide Stock Up 0.6 %

Shares of NASDAQ:EEFT opened at $97.90 on Friday. The company has a fifty day moving average of $104.18 and a 200-day moving average of $118.33. The company has a market capitalization of $4.85 billion, a PE ratio of 38.24 and a beta of 1.33. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.77 and a current ratio of 1.51. Euronet Worldwide, Inc. has a 52-week low of $92.88 and a 52-week high of $149.92.

About Euronet Worldwide

(Get Rating)

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers, and individual consumers worldwide. The company's 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 card outsourcing, card issuing, and merchant acquiring services.

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

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