Hotchkis & Wiley Capital Management LLC Has $105.60 Million Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Hotchkis & Wiley Capital Management LLC boosted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 13.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,064,233 shares of the business services provider's stock after buying an additional 127,240 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 2.42% of Euronet Worldwide worth $105,604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tidal Investments LLC increased its holdings in shares of Euronet Worldwide by 15.6% during the 1st quarter. Tidal Investments LLC now owns 9,018 shares of the business services provider's stock worth $991,000 after buying an additional 1,217 shares during the last quarter. Comerica Bank grew its stake in shares of Euronet Worldwide by 22.1% in the first quarter. Comerica Bank now owns 23,657 shares of the business services provider's stock worth $2,601,000 after acquiring an additional 4,288 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Euronet Worldwide by 69.5% in the second quarter. GAMMA Investing LLC now owns 588 shares of the business services provider's stock worth $61,000 after acquiring an additional 241 shares in the last quarter. CWM LLC grew its stake in shares of Euronet Worldwide by 87.7% in the second quarter. CWM LLC now owns 1,860 shares of the business services provider's stock worth $193,000 after acquiring an additional 869 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Euronet Worldwide by 99.4% in the second quarter. SG Americas Securities LLC now owns 9,039 shares of the business services provider's stock worth $936,000 after acquiring an additional 4,507 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 12,440 shares of the company's stock, valued at $1,276,095.20. The trade was a 24.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Martin L. Bruckner sold 9,397 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the transaction, the senior vice president now directly owns 39,983 shares of the company's stock, valued at $4,290,575.73. The trade was a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 65,431 shares of company stock valued at $6,966,057. Company insiders own 10.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC decreased their price objective on shares of Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Monness Crespi & Hardt raised shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 24th. Oppenheimer boosted their price target on shares of Euronet Worldwide from $121.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, November 25th. Citigroup cut shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and reduced their price target for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Finally, DA Davidson reiterated a "buy" rating and set a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Euronet Worldwide has an average rating of "Moderate Buy" and an average price target of $127.13.

Euronet Worldwide Stock Up 0.2 %

EEFT traded up $0.18 during trading hours on Tuesday, reaching $105.47. 275,931 shares of the stock traded hands, compared to its average volume of 300,419. The firm's fifty day simple moving average is $100.61 and its two-hundred day simple moving average is $103.31. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.96 and a beta of 1.44. Euronet Worldwide, Inc. has a fifty-two week low of $87.85 and a fifty-two week high of $117.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.11. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same quarter in the previous year, the firm earned $2.53 EPS. As a group, analysts forecast that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

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.