California Public Employees Retirement System decreased its holdings in shares of World Acceptance Corp. (NASDAQ:WRLD) by 2.9% in the 4th quarter, Holdings Channel reports. The fund owned 57,024 shares of the credit services provider’s stock after selling 1,683 shares during the quarter. California Public Employees Retirement System’s holdings in World Acceptance were worth $4,603,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its stake in World Acceptance by 58.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 2,240 shares of the credit services provider’s stock worth $186,000 after acquiring an additional 830 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of World Acceptance in the fourth quarter valued at $202,000. Barings LLC acquired a new stake in shares of World Acceptance in the third quarter valued at $207,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of World Acceptance by 130.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 3,000 shares of the credit services provider’s stock valued at $249,000 after buying an additional 1,700 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of World Acceptance in the third quarter valued at $315,000. 96.78% of the stock is owned by institutional investors.
A number of equities research analysts have recently weighed in on WRLD shares. BidaskClub raised World Acceptance from a “hold” rating to a “buy” rating in a research note on Wednesday, January 31st. ValuEngine raised World Acceptance from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised World Acceptance from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Saturday, February 3rd. BMO Capital Markets reaffirmed a “sell” rating and issued a $80.00 price objective on shares of World Acceptance in a research note on Monday, January 29th. They noted that the move was a valuation call. Finally, Stephens reaffirmed a “sell” rating and issued a $65.00 price objective on shares of World Acceptance in a research note on Thursday, January 4th. Three equities research analysts have rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $82.75.
World Acceptance (NASDAQ:WRLD) last released its earnings results on Friday, January 26th. The credit services provider reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.42. The firm had revenue of $136.90 million during the quarter, compared to analyst estimates of $137.99 million. World Acceptance had a return on equity of 13.95% and a net margin of 10.42%. World Acceptance’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $1.10 earnings per share. sell-side analysts predict that World Acceptance Corp. will post 7.61 EPS for the current fiscal year.
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World Acceptance Profile
World Acceptance Corporation operates a small-loan consumer finance business in 15 states and Mexico as of March 31, 2016. The Company offers short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The Company offers standardized installment loans generally between $300 and $4,000 through 1,339 branches in Alabama, Georgia, Idaho, Illinois, Indiana, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, South Carolina, Texas, Tennessee, Wisconsin and Mexico as of March 31, 2016.
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