Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Purchased by Hahn Capital Management LLC

Hahn Capital Management LLC raised its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 33.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,411 shares of the business services provider’s stock after purchasing an additional 27,113 shares during the period. Euronet Worldwide accounts for approximately 5.3% of Hahn Capital Management LLC’s holdings, making the stock its 4th biggest holding. Hahn Capital Management LLC’s holdings in Euronet Worldwide were worth $11,117,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Kodai Capital Management LP bought a new stake in shares of Euronet Worldwide in the 4th quarter valued at about $23,728,000. Granahan Investment Management LLC grew its holdings in shares of Euronet Worldwide by 8.0% in the 4th quarter. Granahan Investment Management LLC now owns 221,061 shares of the business services provider’s stock valued at $22,435,000 after buying an additional 16,358 shares during the period. Clearbridge Investments LLC lifted its holdings in Euronet Worldwide by 4.5% during the first quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider’s stock worth $62,337,000 after acquiring an additional 24,566 shares in the last quarter. LSV Asset Management acquired a new position in Euronet Worldwide in the first quarter valued at about $1,638,000. Finally, Ellsworth Advisors LLC bought a new stake in shares of Euronet Worldwide in the second quarter worth about $514,000. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Stock Performance

NASDAQ EEFT opened at $99.78 on Friday. The firm’s fifty day moving average price is $102.00 and its two-hundred day moving average price is $106.73. Euronet Worldwide, Inc. has a 1 year low of $73.84 and a 1 year high of $117.66. The firm has a market capitalization of $4.58 billion, a P/E ratio of 17.57 and a beta of 1.46. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.21. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The firm had revenue of $986.20 million for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. As a group, research analysts anticipate that Euronet Worldwide, Inc. will post 7.88 EPS for the current year.

Insiders Place Their Bets

In related news, Director Thomas A. Mcdonnell purchased 3,206 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the purchase, the director now owns 90,000 shares in the company, valued at $8,447,400. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Citigroup raised their target price on shares of Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Monness Crespi & Hardt raised their price objective on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Euronet Worldwide in a research report on Wednesday. Wolfe Research raised Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Friday, May 17th. Finally, StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Euronet Worldwide presently has an average rating of “Moderate Buy” and an average target price of $124.11.

Euronet Worldwide 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.