Hahn Capital Management LLC Has $7.06 Million Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Hahn Capital Management LLC lowered its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 33.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,126 shares of the business services provider’s stock after selling 36,285 shares during the period. Euronet Worldwide comprises about 4.5% of Hahn Capital Management LLC’s investment portfolio, making the stock its 6th biggest holding. Hahn Capital Management LLC owned about 0.16% of Euronet Worldwide worth $7,058,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EEFT. Lazard Asset Management LLC lifted its holdings in shares of Euronet Worldwide by 6,250.4% in the 1st quarter. Lazard Asset Management LLC now owns 141,932 shares of the business services provider’s stock worth $15,602,000 after purchasing an additional 139,697 shares during the last quarter. Kodai Capital Management LP increased its position in Euronet Worldwide by 57.9% in the first quarter. Kodai Capital Management LP now owns 369,209 shares of the business services provider’s stock worth $40,587,000 after buying an additional 135,416 shares during the period. Dimensional Fund Advisors LP lifted its stake in Euronet Worldwide by 17.7% in the second quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock valued at $78,172,000 after buying an additional 113,685 shares during the last quarter. New South Capital Management Inc. boosted its holdings in shares of Euronet Worldwide by 21.8% during the first quarter. New South Capital Management Inc. now owns 538,419 shares of the business services provider’s stock valued at $59,188,000 after acquiring an additional 96,278 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Euronet Worldwide during the second quarter worth about $9,047,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

EEFT stock opened at $102.26 on Friday. The company has a market capitalization of $4.69 billion, a P/E ratio of 18.00 and a beta of 1.46. The company has a 50-day simple moving average of $100.47 and a 200 day simple moving average of $104.32. Euronet Worldwide, Inc. has a fifty-two week low of $75.41 and a fifty-two week high of $117.66. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. During the same quarter last year, the firm posted $2.53 EPS. Sell-side analysts predict that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. DA Davidson reiterated a “buy” rating and issued a $136.00 price objective on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Monness Crespi & Hardt lifted their price target on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Needham & Company LLC reduced their price objective on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their target price for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Finally, Oppenheimer began coverage on Euronet Worldwide in a research report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 price target for the company. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.38.

Insider Buying and Selling

In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,206 shares of Euronet Worldwide stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the acquisition, the director now owns 90,000 shares of the company’s stock, valued at approximately $8,447,400. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the sale, the chief executive officer now directly owns 12,440 shares in the company, valued at approximately $1,276,095.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas A. Mcdonnell bought 3,206 shares of Euronet Worldwide stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $93.86 per share, with a total value of $300,915.16. Following the completion of the acquisition, the director now directly owns 90,000 shares of the company’s stock, valued at $8,447,400. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 10.50% of the stock is currently owned by insiders.

About Euronet Worldwide

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.