Euronet Worldwide, Inc. $EEFT is Van Berkom & Associates Inc.’s 7th Largest Position

Van Berkom & Associates Inc. increased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,105,348 shares of the business services provider’s stock after buying an additional 72,138 shares during the quarter. Euronet Worldwide comprises approximately 2.8% of Van Berkom & Associates Inc.’s portfolio, making the stock its 7th biggest holding. Van Berkom & Associates Inc. owned approximately 2.70% of Euronet Worldwide worth $97,061,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its stake in shares of Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 109 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Euronet Worldwide by 4.9% in the second quarter. PNC Financial Services Group Inc. now owns 2,420 shares of the business services provider’s stock valued at $245,000 after purchasing an additional 113 shares during the period. Evergreen Capital Management LLC grew its holdings in Euronet Worldwide by 0.4% in the second quarter. Evergreen Capital Management LLC now owns 34,035 shares of the business services provider’s stock valued at $3,450,000 after purchasing an additional 129 shares during the period. Lecap Asset Management Ltd. raised its stake in Euronet Worldwide by 2.9% during the third quarter. Lecap Asset Management Ltd. now owns 4,550 shares of the business services provider’s stock worth $400,000 after purchasing an additional 129 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Euronet Worldwide by 3.2% in the 2nd quarter. Quadrant Capital Group LLC now owns 4,228 shares of the business services provider’s stock valued at $429,000 after purchasing an additional 131 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Stock Down 6.3%

NASDAQ EEFT opened at $67.72 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. Euronet Worldwide, Inc. has a fifty-two week low of $67.00 and a fifty-two week high of $114.25. The business has a 50 day moving average price of $74.88 and a two-hundred day moving average price of $83.02. The stock has a market cap of $2.85 billion, a PE ratio of 9.92, a P/E/G ratio of 0.56 and a beta of 0.82.

Wall Street Analyst Weigh In

A number of analysts have recently commented on EEFT shares. Keefe, Bruyette & Woods dropped their price objective on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Friday, October 24th. Wall Street Zen cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Monness Crespi & Hardt lowered Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Oppenheimer cut their price objective on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Finally, Needham & Company LLC decreased their target price on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Euronet Worldwide has an average rating of “Hold” and a consensus price target of $111.33.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.