Texas Permanent School Fund Invests $4.88 Million in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Texas Permanent School Fund purchased a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFTGet Rating) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 37,472 shares of the business services provider’s stock, valued at approximately $4,877,000. Texas Permanent School Fund owned 0.07% of Euronet Worldwide at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Pembroke Management LTD grew its position in shares of Euronet Worldwide by 2.2% during the 1st quarter. Pembroke Management LTD now owns 110,322 shares of the business services provider’s stock worth $14,358,000 after buying an additional 2,348 shares during the period. State of Michigan Retirement System acquired a new stake in shares of Euronet Worldwide during the 1st quarter worth approximately $1,746,000. Envestnet Asset Management Inc. grew its position in shares of Euronet Worldwide by 7.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 83,253 shares of the business services provider’s stock worth $10,835,000 after buying an additional 5,862 shares during the period. Versor Investments LP acquired a new stake in shares of Euronet Worldwide during the 1st quarter worth approximately $561,000. Finally, Securian Asset Management Inc. acquired a new stake in shares of Euronet Worldwide during the 1st quarter worth approximately $616,000. Institutional investors and hedge funds own 94.42% of the company’s stock.

Wall Street Analyst Weigh In

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

Euronet Worldwide Stock Performance

Shares of EEFT opened at $97.90 on Friday. 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 twelve month low of $92.88 and a twelve month high of $149.92. The firm’s 50 day moving average price is $104.18 and its two-hundred day moving average price is $118.33. The firm has a market cap of $4.85 billion, a P/E ratio of 38.24 and a beta of 1.33.

Euronet Worldwide Profile

(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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