Euronet Worldwide, Inc. (EEFT) Position Trimmed by Hahn Capital Management LLC

Hahn Capital Management LLC decreased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 10.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 418,860 shares of the business services provider’s stock after selling 50,022 shares during the quarter. Euronet Worldwide comprises approximately 3.8% of Hahn Capital Management LLC’s holdings, making the stock its 6th largest position. Hahn Capital Management LLC owned about 0.80% of Euronet Worldwide worth $36,596,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in EEFT. Fiduciary Trust Co. bought a new stake in Euronet Worldwide during the 2nd quarter valued at approximately $122,000. The Manufacturers Life Insurance Company boosted its stake in Euronet Worldwide by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 116 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Euronet Worldwide by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 167 shares during the period. World Asset Management Inc bought a new stake in Euronet Worldwide during the 2nd quarter valued at approximately $201,000. Finally, Capstone Asset Management Co. bought a new stake in Euronet Worldwide during the 2nd quarter valued at approximately $206,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Several analysts recently weighed in on EEFT shares. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research note on Tuesday, September 26th. SunTrust Banks, Inc. restated a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a research note on Friday, October 6th. BidaskClub upgraded Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Lake Street Capital restated a “buy” rating and set a $99.00 target price (up previously from $96.00) on shares of Euronet Worldwide in a research note on Thursday, July 27th. Finally, DA Davidson started coverage on Euronet Worldwide in a research note on Wednesday, July 19th. They set a “buy” rating and a $105.00 target price for the company. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $105.40.

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Euronet Worldwide, Inc. (EEFT) traded down 2.10% during trading on Friday, reaching $96.28. The company’s stock had a trading volume of 457,963 shares. The stock has a market cap of $5.06 billion, a P/E ratio of 31.08 and a beta of 1.34. Euronet Worldwide, Inc. has a 52-week low of $70.51 and a 52-week high of $99.98. The firm’s 50-day moving average is $96.90 and its 200-day moving average is $90.61.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.01. Euronet Worldwide had a return on equity of 22.32% and a net margin of 8.23%. The business had revenue of $536.60 million during the quarter, compared to analysts’ expectations of $513.10 million. During the same quarter last year, the company posted $0.97 earnings per share. Euronet Worldwide’s quarterly revenue was up 12.5% on a year-over-year basis. Equities research analysts forecast that Euronet Worldwide, Inc. will post $4.55 EPS for the current year.

In other news, VP Jeffrey B. Newman sold 3,433 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $92.00, for a total transaction of $315,836.00. Following the completion of the sale, the vice president now owns 16,386 shares in the company, valued at $1,507,512. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Rick Weller sold 76,563 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $97.51, for a total value of $7,465,658.13. Following the sale, the chief financial officer now owns 81,221 shares of the company’s stock, valued at approximately $7,919,859.71. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 306,574 shares

A number of other large investors have also made changes to their positions in EEFT. Fiduciary Trust Co. bought a new stake in Euronet Worldwide during the 2nd quarter valued at approximately $122,000. The Manufacturers Life Insurance Company boosted its stake in Euronet Worldwide by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 116 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Euronet Worldwide by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 167 shares during the period. World Asset Management Inc bought a new stake in Euronet Worldwide during the 2nd quarter valued at approximately $201,000. Finally, Capstone Asset Management Co. bought a new stake in Euronet Worldwide during the 2nd quarter valued at approximately $206,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Several analysts recently weighed in on EEFT shares. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research note on Tuesday, September 26th. SunTrust Banks, Inc. restated a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a research note on Friday, October 6th. BidaskClub upgraded Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Lake Street Capital restated a “buy” rating and set a $99.00 target price (up previously from $96.00) on shares of Euronet Worldwide in a research note on Thursday, July 27th. Finally, DA Davidson started coverage on Euronet Worldwide in a research note on Wednesday, July 19th. They set a “buy” rating and a $105.00 target price for the company. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $105.40.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/15/euronet-worldwide-inc-eeft-position-trimmed-by-hahn-capital-management-llc.html.

Euronet Worldwide, Inc. (EEFT) traded down 2.10% during trading on Friday, reaching $96.28. The company’s stock had a trading volume of 457,963 shares. The stock has a market cap of $5.06 billion, a P/E ratio of 31.08 and a beta of 1.34. Euronet Worldwide, Inc. has a 52-week low of $70.51 and a 52-week high of $99.98. The firm’s 50-day moving average is $96.90 and its 200-day moving average is $90.61.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.01. Euronet Worldwide had a return on equity of 22.32% and a net margin of 8.23%. The business had revenue of $536.60 million during the quarter, compared to analysts’ expectations of $513.10 million. During the same quarter last year, the company posted $0.97 earnings per share. Euronet Worldwide’s quarterly revenue was up 12.5% on a year-over-year basis. Equities research analysts forecast that Euronet Worldwide, Inc. will post $4.55 EPS for the current year.

In other news, VP Jeffrey B. Newman sold 3,433 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $92.00, for a total transaction of $315,836.00. Following the completion of the sale, the vice president now owns 16,386 shares in the company, valued at $1,507,512. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Rick Weller sold 76,563 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $97.51, for a total value of $7,465,658.13. Following the sale, the chief financial officer now owns 81,221 shares of the company’s stock, valued at approximately $7,919,859.71. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 306,574 shares of company stock valued at $29,668,269. Corporate insiders own 7.70% of the company’s stock.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.

Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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