Hahn Capital Management LLC Raises Position in Euronet Worldwide, Inc. (EEFT)

Hahn Capital Management LLC boosted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 422,884 shares of the business services provider’s stock after purchasing an additional 4,024 shares during the period. Euronet Worldwide comprises 4.0% of Hahn Capital Management LLC’s portfolio, making the stock its 6th largest holding. Hahn Capital Management LLC owned about 0.80% of Euronet Worldwide worth $40,085,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Janus Henderson Group PLC purchased a new stake in Euronet Worldwide during the second quarter valued at approximately $329,644,000. Commerce Bank increased its holdings in Euronet Worldwide by 1,198.1% during the third quarter. Commerce Bank now owns 306,120 shares of the business services provider’s stock valued at $29,017,000 after buying an additional 282,538 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Euronet Worldwide by 625.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 172,746 shares of the business services provider’s stock valued at $15,093,000 after buying an additional 148,946 shares during the last quarter. FMR LLC increased its holdings in Euronet Worldwide by 4.1% during the second quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock valued at $309,023,000 after buying an additional 138,659 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Euronet Worldwide by 20.6% during the second quarter. Ameriprise Financial Inc. now owns 745,509 shares of the business services provider’s stock valued at $65,132,000 after buying an additional 127,556 shares during the last quarter. Institutional investors own 95.39% of the company’s stock.

Shares of Euronet Worldwide, Inc. (NASDAQ EEFT) opened at $91.57 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44. The stock has a market cap of $4,898.81, a price-to-earnings ratio of 22.30, a PEG ratio of 1.43 and a beta of 1.36. Euronet Worldwide, Inc. has a 52 week low of $70.51 and a 52 week high of $101.07.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.61. The firm had revenue of $637.90 million during the quarter, compared to analysts’ expectations of $595.09 million. Euronet Worldwide had a net margin of 15.73% and a return on equity of 35.62%. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.35 earnings per share. research analysts anticipate that Euronet Worldwide, Inc. will post 4.33 EPS for the current year.

A number of analysts have commented on EEFT shares. Piper Jaffray Companies reaffirmed a “buy” rating and set a $112.00 target price on shares of Euronet Worldwide in a report on Sunday, October 22nd. Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a report on Tuesday, September 26th. SunTrust Banks reaffirmed a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a report on Friday, October 6th. BidaskClub raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Northland Securities reaffirmed a “buy” rating and set a $110.00 target price on shares of Euronet Worldwide in a report on Thursday, October 19th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $108.67.

In other news, CEO Michael J. Brown sold 2,400 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,603,486 shares of the company’s stock, valued at $160,348,600. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael J. Brown sold 63,538 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $100.06, for a total transaction of $6,357,612.28. Following the completion of the sale, the chief executive officer now directly owns 1,603,486 shares of the company’s stock, valued at $160,444,809.16. The disclosure for this sale can be found here. Corporate insiders own 7.70% of the company’s stock.

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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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