State of Alaska Department of Revenue lifted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 78.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 10,939 shares of the business services provider’s stock after acquiring an additional 4,801 shares during the period. State of Alaska Department of Revenue’s holdings in Euronet Worldwide were worth $1,839,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Meridian Wealth Management LLC bought a new stake in shares of Euronet Worldwide in the 1st quarter valued at about $43,000. Flagship Harbor Advisors LLC bought a new stake in shares of Euronet Worldwide in the 1st quarter valued at about $45,000. Advisory Services Network LLC grew its position in shares of Euronet Worldwide by 7,142.9% in the 4th quarter. Advisory Services Network LLC now owns 1,014 shares of the business services provider’s stock valued at $104,000 after buying an additional 1,000 shares during the last quarter. Tortoise Index Solutions LLC bought a new stake in shares of Euronet Worldwide in the 1st quarter valued at about $105,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Euronet Worldwide in the 1st quarter valued at about $144,000. 99.32% of the stock is owned by institutional investors.
In related news, VP Jeffrey B. Newman sold 5,461 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $161.12, for a total transaction of $879,876.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.40% of the stock is owned by corporate insiders.
Shares of Euronet Worldwide stock traded down $4.39 on Monday, hitting $148.74. 2,769 shares of the company’s stock traded hands, compared to its average volume of 458,950. Euronet Worldwide, Inc. has a one year low of $91.78 and a one year high of $171.25. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.28 and a quick ratio of 1.28. The firm’s fifty day moving average price is $163.30. The company has a market cap of $7.96 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 1.71 and a beta of 1.16.
A number of equities research analysts have commented on the company. Wolfe Research assumed coverage on Euronet Worldwide in a research report on Wednesday, July 31st. They issued an “outperform” rating and a $200.00 price target on the stock. BidaskClub lowered Euronet Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 11th. Wells Fargo & Co upped their price target on Euronet Worldwide from $150.00 to $164.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. They noted that the move was a valuation call. Citigroup set a $189.00 price target on Euronet Worldwide and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, DA Davidson lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and set a $161.20 price target on the stock. in a research report on Thursday, June 13th. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $165.40.
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. The company's Electronic Financial Transaction (EFT) 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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