State of Michigan Retirement System Has $1.01 Million Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

State of Michigan Retirement System lowered its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,817 shares of the business services provider’s stock after selling 200 shares during the period. State of Michigan Retirement System’s holdings in Euronet Worldwide were worth $1,010,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of EEFT. Wasatch Advisors LP raised its holdings in shares of Euronet Worldwide by 45.8% during the 3rd quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock worth $71,102,000 after buying an additional 224,982 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Euronet Worldwide during the 3rd quarter worth $15,258,000. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Euronet Worldwide by 13.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock worth $105,604,000 after buying an additional 127,240 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Euronet Worldwide during the 3rd quarter worth $4,373,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Euronet Worldwide during the 3rd quarter worth $4,085,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Trading Up 3.9 %

NASDAQ EEFT opened at $101.97 on Monday. The business’s 50-day moving average price is $100.08 and its two-hundred day moving average price is $101.19. Euronet Worldwide, Inc. has a 12 month low of $91.07 and a 12 month high of $117.66. The firm has a market capitalization of $4.46 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. On average, analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EEFT shares. Stephens reaffirmed an “overweight” rating and issued a $130.00 target price on shares of Euronet Worldwide in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a report on Thursday, December 12th. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Oppenheimer lowered their target price on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods upped their target price on Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.00.

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. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The 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 and prepaid card outsourcing, card issuing, and merchant acquiring services.