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

Hahn Capital Management LLC reduced its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 33.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,126 shares of the business services provider's stock after selling 36,285 shares during the quarter. Euronet Worldwide accounts for approximately 4.5% of Hahn Capital Management LLC's investment portfolio, making the stock its 6th biggest holding. Hahn Capital Management LLC owned approximately 0.16% of Euronet Worldwide worth $7,058,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in Euronet Worldwide by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider's stock valued at $333,039,000 after buying an additional 27,254 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Euronet Worldwide by 1.2% during the first quarter. Janus Henderson Group PLC now owns 1,390,895 shares of the business services provider's stock worth $152,900,000 after purchasing an additional 15,837 shares during the period. Van Berkom & Associates Inc. lifted its holdings in Euronet Worldwide by 1.4% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider's stock worth $105,793,000 after purchasing an additional 14,090 shares during the last quarter. Burgundy Asset Management Ltd. boosted its stake in Euronet Worldwide by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider's stock valued at $79,415,000 after purchasing an additional 10,689 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Euronet Worldwide by 17.7% in the 2nd 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 in the last quarter. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Trading Down 1.7 %

Shares of NASDAQ:EEFT traded down $1.76 during midday trading on Friday, hitting $100.50. 399,843 shares of the stock were exchanged, compared to its average volume of 306,077. The business's 50-day moving average price is $100.47 and its 200 day moving average price is $104.32. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 18.00 and a beta of 1.46. Euronet Worldwide, Inc. has a 12 month low of $75.41 and a 12 month high of $117.66. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19.

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

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

EEFT has been the subject of a number of analyst reports. StockNews.com downgraded shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, August 9th. Monness Crespi & Hardt upped their price target on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a "neutral" rating in a report on Monday, July 22nd. DA Davidson reissued a "buy" rating and issued a $136.00 price objective on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Needham & Company LLC cut their target price on Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Oppenheimer assumed coverage on Euronet Worldwide in a research report on Tuesday, October 1st. They set an "outperform" rating and a $121.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $125.38.

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.