New York State Teachers Retirement System Has $2.35 Million Stake in Euronet Worldwide, Inc. $EEFT

New York State Teachers Retirement System increased its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,208 shares of the business services provider’s stock after acquiring an additional 140 shares during the period. New York State Teachers Retirement System’s holdings in Euronet Worldwide were worth $2,353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of Euronet Worldwide by 102.5% during the first quarter. AQR Capital Management LLC now owns 564,227 shares of the business services provider’s stock valued at $59,388,000 after purchasing an additional 285,564 shares in the last quarter. Voss Capital LP raised its holdings in Euronet Worldwide by 30.9% in the 1st quarter. Voss Capital LP now owns 824,589 shares of the business services provider’s stock valued at $88,107,000 after buying an additional 194,589 shares during the last quarter. Reinhart Partners LLC. grew its holdings in Euronet Worldwide by 21.6% during the 2nd quarter. Reinhart Partners LLC. now owns 897,910 shares of the business services provider’s stock worth $91,032,000 after acquiring an additional 159,527 shares during the last quarter. Public Sector Pension Investment Board bought a new stake in Euronet Worldwide during the 1st quarter worth approximately $9,962,000. Finally, Goldman Sachs Group Inc. increased its position in Euronet Worldwide by 17.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 628,384 shares of the business services provider’s stock valued at $67,143,000 after acquiring an additional 91,348 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Stock Up 2.0%

EEFT stock opened at $89.12 on Wednesday. The stock has a fifty day moving average of $90.35 and a 200-day moving average of $98.06. Euronet Worldwide, Inc. has a fifty-two week low of $82.18 and a fifty-two week high of $114.25. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 0.70 and a beta of 1.21. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.15.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $2.56 EPS for the quarter, missing the consensus estimate of $2.66 by ($0.10). The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. Euronet Worldwide’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $2.25 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, equities research analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods cut their price target on shares of Euronet Worldwide from $110.00 to $100.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. DA Davidson reaffirmed a “buy” rating and set a $130.00 target price on shares of Euronet Worldwide in a report on Friday, September 12th. Oppenheimer decreased their price target on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Wall Street Zen lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Euronet Worldwide in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Euronet Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $122.60.

About Euronet Worldwide

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.