Hahn Capital Management LLC raised its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 471,421 shares of the business services provider’s stock after buying an additional 48,537 shares during the period. Euronet Worldwide accounts for about 3.7% of Hahn Capital Management LLC’s investment portfolio, making the stock its 9th biggest position. Hahn Capital Management LLC owned 0.89% of Euronet Worldwide worth $39,727,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. lifted its position in shares of Euronet Worldwide by 12.1% during the fourth quarter. Victory Capital Management Inc. now owns 2,712,984 shares of the business services provider’s stock worth $228,623,000 after purchasing an additional 292,777 shares in the last quarter. Wasatch Advisors Inc. lifted its position in shares of Euronet Worldwide by 14.5% during the fourth quarter. Wasatch Advisors Inc. now owns 874,298 shares of the business services provider’s stock worth $73,677,000 after purchasing an additional 111,033 shares in the last quarter. Millennium Management LLC lifted its position in shares of Euronet Worldwide by 376.3% during the fourth quarter. Millennium Management LLC now owns 652,525 shares of the business services provider’s stock worth $54,988,000 after purchasing an additional 515,535 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its position in shares of Euronet Worldwide by 19.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 564,541 shares of the business services provider’s stock worth $47,574,000 after purchasing an additional 90,163 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Euronet Worldwide by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 472,823 shares of the business services provider’s stock worth $44,817,000 after buying an additional 7,343 shares during the last quarter.
Several equities research analysts have commented on EEFT shares. BidaskClub raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. William Blair downgraded shares of Euronet Worldwide from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Zacks Investment Research cut shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a report on Monday, December 25th. Finally, DA Davidson upped their price target on shares of Euronet Worldwide to $118.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $111.71.
In other Euronet Worldwide news, CEO Michael J. Brown sold 20,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $79.63, for a total value of $1,592,600.00. Following the completion of the sale, the chief executive officer now owns 1,502,348 shares in the company, valued at $119,631,971.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 80,000 shares of company stock valued at $6,804,800. Corporate insiders own 7.70% of the company’s stock.
Shares of Euronet Worldwide stock traded down $1.50 on Thursday, reaching $87.26. 627,356 shares of the company traded hands, compared to its average volume of 596,412. The firm has a market capitalization of $4,455.50, a PE ratio of 31.05, a price-to-earnings-growth ratio of 1.16 and a beta of 1.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.34 and a quick ratio of 1.27. Euronet Worldwide, Inc. has a fifty-two week low of $76.26 and a fifty-two week high of $101.07.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. The firm had revenue of $604.60 million during the quarter, compared to analysts’ expectations of $609.53 million. Euronet Worldwide had a net margin of 6.97% and a return on equity of 21.76%. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 earnings per share. equities research analysts predict that Euronet Worldwide, Inc. will post 5 EPS for the current year.
Euronet Worldwide 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.
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