Reinhart Partners LLC. Has $64.50 Million Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Reinhart Partners LLC. boosted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 627,149 shares of the business services provider's stock after buying an additional 20,824 shares during the quarter. Euronet Worldwide comprises 2.5% of Reinhart Partners LLC.'s portfolio, making the stock its 16th biggest holding. Reinhart Partners LLC. owned 1.43% of Euronet Worldwide worth $64,496,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in EEFT. 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. Mendota Financial Group LLC acquired a new position in Euronet Worldwide in the 3rd quarter valued at $100,000. Headlands Technologies LLC raised its holdings in Euronet Worldwide by 131.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider's stock worth $110,000 after acquiring an additional 605 shares during the period. Quarry LP lifted its position in Euronet Worldwide by 21.6% during the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider's stock worth $108,000 after acquiring an additional 193 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in Euronet Worldwide during the third quarter valued at about $109,000. Institutional investors and hedge funds own 91.60% of the company's stock.

Euronet Worldwide Price Performance

NASDAQ:EEFT traded up $1.02 during mid-day trading on Monday, reaching $98.23. 148,962 shares of the company were exchanged, compared to its average volume of 199,109. Euronet Worldwide, Inc. has a 12 month low of $91.07 and a 12 month high of $117.66. The stock has a market cap of $4.32 billion, a PE ratio of 14.20, a PEG ratio of 0.94 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The company has a fifty day moving average of $103.36 and a 200 day moving average of $101.57.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.11. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates 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 last year, the business posted $2.53 earnings per share. On average, research analysts anticipate that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Nikos Fountas sold 21,479 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the sale, the chief executive officer now owns 52,370 shares of the company's stock, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Martin L. Bruckner sold 9,397 shares of Euronet Worldwide stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the transaction, the senior vice president now owns 39,983 shares in the company, valued at $4,290,575.73. This trade represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 82,910 shares of company stock valued at $8,780,102. 10.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EEFT shares. Needham & Company LLC reiterated a "buy" rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Monness Crespi & Hardt upgraded Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 24th. Oppenheimer dropped 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 report on Thursday, December 19th. DA Davidson reissued a "buy" rating and issued a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. Finally, Citigroup downgraded shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Four equities research 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 company's stock. According to MarketBeat.com, Euronet Worldwide has an average rating of "Moderate Buy" and an average price target of $126.25.

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.