Euronet Worldwide, Inc. (NASDAQ:EEFT) Stake Lifted by Hahn Capital Management LLC

Hahn Capital Management LLC raised its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 48.0% during the fourth quarter, HoldingsChannel reports. The firm owned 105,278 shares of the business services provider’s stock after purchasing an additional 34,152 shares during the period. Euronet Worldwide comprises 4.7% of Hahn Capital Management LLC’s holdings, making the stock its 6th biggest position. Hahn Capital Management LLC’s holdings in Euronet Worldwide were worth $10,827,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC raised its holdings in shares of Euronet Worldwide by 5.4% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock worth $16,004,000 after acquiring an additional 8,230 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Euronet Worldwide by 28.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider’s stock worth $1,236,000 after acquiring an additional 2,632 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Euronet Worldwide during the 3rd quarter worth $15,258,000. Holocene Advisors LP purchased a new position in shares of Euronet Worldwide during the 3rd quarter worth $666,000. Finally, Reinhart Partners LLC. raised its holdings in shares of Euronet Worldwide by 3.4% during the 4th quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock worth $64,496,000 after acquiring an additional 20,824 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Euronet Worldwide

In related news, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the sale, the chief executive officer now owns 52,370 shares in the company, valued at $5,423,437.20. The trade was a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.50% of the company’s stock.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $100.92 on Friday. Euronet Worldwide, Inc. has a one year low of $91.07 and a one year high of $117.66. The company has a market cap of $4.43 billion, a PE ratio of 15.60, a P/E/G ratio of 0.78 and a beta of 1.43. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The business has a 50-day simple moving average of $100.79 and a 200-day simple moving average of $101.29.

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

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.