Reinhart Partners LLC. Grows Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Reinhart Partners LLC. grew its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 606,325 shares of the business services provider’s stock after purchasing an additional 47,469 shares during the quarter. Euronet Worldwide makes up approximately 2.3% of Reinhart Partners LLC.’s holdings, making the stock its 18th biggest position. Reinhart Partners LLC. owned about 1.32% of Euronet Worldwide worth $60,166,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake in shares of Euronet Worldwide by 1.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,390,895 shares of the business services provider’s stock valued at $152,900,000 after acquiring an additional 15,837 shares during the period. Van Berkom & Associates Inc. grew its stake in shares of 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 valued at $105,793,000 after acquiring an additional 14,090 shares during the period. Burgundy Asset Management Ltd. grew its stake in shares of Euronet Worldwide by 1.4% during 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 acquiring an additional 10,689 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Euronet Worldwide by 17.7% during 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 acquiring an additional 113,685 shares during the period. Finally, New South Capital Management Inc. grew its stake in shares of Euronet Worldwide by 16.2% during the 2nd quarter. New South Capital Management Inc. now owns 625,677 shares of the business services provider’s stock valued at $64,758,000 after acquiring an additional 87,258 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several research analysts have weighed in on EEFT shares. Needham & Company LLC restated a “buy” rating and issued a $125.00 price target on shares of Euronet Worldwide in a research note on Wednesday, September 4th. DA Davidson reiterated a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a research report on Tuesday. Monness Crespi & Hardt increased their target price on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Oppenheimer started coverage on Euronet Worldwide in a research report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.33.

Euronet Worldwide Stock Performance

EEFT stock opened at $98.21 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. The business’s fifty day simple moving average is $100.17 and its two-hundred day simple moving average is $104.92. Euronet Worldwide, Inc. has a twelve month low of $73.84 and a twelve month high of $117.66. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 17.05 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.21. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The business had revenue of $986.20 million for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm posted $1.84 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. Analysts predict that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current year.

Euronet Worldwide Company 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.