Hahn Capital Management LLC Purchases 34,152 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Hahn Capital Management LLC boosted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 48.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,278 shares of the business services provider's stock after buying an additional 34,152 shares during the quarter. Euronet Worldwide comprises 4.7% of Hahn Capital Management LLC's portfolio, making the stock its 6th biggest holding. Hahn Capital Management LLC owned 0.24% of Euronet Worldwide worth $10,827,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EEFT. R Squared Ltd acquired a new position in shares of Euronet Worldwide during the 4th quarter valued at about $58,000. GAMMA Investing LLC boosted its position in Euronet Worldwide by 121.3% during the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider's stock worth $98,000 after purchasing an additional 523 shares during the period. Blue Trust Inc. grew its holdings in Euronet Worldwide by 26.1% during the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider's stock valued at $98,000 after purchasing an additional 205 shares during the last quarter. Quarry LP raised its position in shares of Euronet Worldwide by 21.6% in the third quarter. Quarry LP now owns 1,087 shares of the business services provider's stock valued at $108,000 after purchasing an additional 193 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Euronet Worldwide in the third quarter worth $109,000. 91.60% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the sale, the chief executive officer now directly owns 52,370 shares in the company, valued at $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 10.50% of the company's stock.

Euronet Worldwide Stock Performance

Shares of EEFT traded down $3.16 on Monday, reaching $99.30. 328,549 shares of the stock traded hands, compared to its average volume of 337,254. The stock's 50-day moving average price is $100.76 and its 200-day moving average price is $101.35. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 0.78 and a beta of 1.43. Euronet Worldwide, Inc. has a 12 month low of $91.07 and a 12 month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. Equities analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on EEFT. Oppenheimer lowered their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. Keefe, Bruyette & Woods boosted their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a research report on Friday, February 14th. StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, Stephens reaffirmed an "overweight" rating and issued a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $127.00.

Euronet Worldwide Profile

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.