Euronet Worldwide, Inc. $EEFT Shares Purchased by Reinhart Partners LLC.

Reinhart Partners LLC. boosted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,640,380 shares of the business services provider’s stock after purchasing an additional 13,239 shares during the quarter. Euronet Worldwide comprises 2.5% of Reinhart Partners LLC.’s holdings, making the stock its 13th largest holding. Reinhart Partners LLC. owned 4.31% of Euronet Worldwide worth $103,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EEFT. Parallel Advisors LLC lifted its position in shares of Euronet Worldwide by 23.6% during the first quarter. Parallel Advisors LLC now owns 775 shares of the business services provider’s stock valued at $51,000 after buying an additional 148 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Euronet Worldwide by 11.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,733 shares of the business services provider’s stock worth $115,000 after buying an additional 177 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Euronet Worldwide by 2.6% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 7,980 shares of the business services provider’s stock worth $530,000 after buying an additional 200 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of Euronet Worldwide by 2.2% during the 1st quarter. State of Michigan Retirement System now owns 9,417 shares of the business services provider’s stock worth $625,000 after acquiring an additional 200 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Euronet Worldwide by 98.0% during the 2nd quarter. Allworth Financial LP now owns 584 shares of the business services provider’s stock worth $43,000 after acquiring an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $64.60 on Friday. The company has a 50 day moving average price of $69.06 and a 200 day moving average price of $70.61. The firm has a market capitalization of $2.46 billion, a P/E ratio of 10.14, a PEG ratio of 0.52 and a beta of 0.85. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.47. Euronet Worldwide, Inc. has a 52 week low of $61.62 and a 52 week high of $89.44.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.11). Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. During the same quarter last year, the business posted $2.56 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. Sell-side analysts expect that Euronet Worldwide, Inc. will post 9.50 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EEFT. Weiss Ratings downgraded shares of Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Wolfe Research reduced their price target on Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating on the stock in a research report on Tuesday, August 25th. Needham & Company LLC increased their price objective on Euronet Worldwide from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, DA Davidson reissued a “buy” rating and issued a $102.00 price objective on shares of Euronet Worldwide in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $94.00.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc (NASDAQ: EEFT) is a global electronic payments and transaction processing company. Headquartered in Leawood, Kansas, the company provides payment and financial technology services to financial institutions, retailers, mobile operators, money transfer providers and consumers.

Euronet operates through three principal business areas: electronic funds transfer processing, epay and money transfer. Its electronic funds transfer services include automated teller machine and point-of-sale processing, electronic payment solutions, outsourced transaction processing and related network services.