AHL Partners LLP grew its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 275.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,814 shares of the business services provider’s stock after acquiring an additional 23,340 shares during the period. AHL Partners LLP owned about 0.06% of Euronet Worldwide worth $2,780,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of EEFT. Bank of New York Mellon Corp raised its stake in shares of Euronet Worldwide by 11.1% during the first quarter. Bank of New York Mellon Corp now owns 242,939 shares of the business services provider’s stock valued at $20,776,000 after acquiring an additional 24,360 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Euronet Worldwide by 17.9% during the first quarter. UBS Asset Management Americas Inc. now owns 30,773 shares of the business services provider’s stock valued at $2,632,000 after acquiring an additional 4,673 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Euronet Worldwide during the first quarter valued at about $224,000. Parametric Portfolio Associates LLC raised its stake in shares of Euronet Worldwide by 4.1% during the first quarter. Parametric Portfolio Associates LLC now owns 62,186 shares of the business services provider’s stock valued at $5,318,000 after acquiring an additional 2,436 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Euronet Worldwide by 56.4% during the first quarter. Wellington Management Group LLP now owns 279,434 shares of the business services provider’s stock valued at $23,897,000 after acquiring an additional 100,800 shares during the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

EEFT has been the subject of several recent analyst reports. BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 6th. Lake Street Capital initiated coverage on shares of Euronet Worldwide in a research note on Monday, June 26th. They set a “buy” rating and a $96.00 price objective for the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research note on Friday, October 6th. Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Monday, July 17th. Finally, DA Davidson initiated coverage on shares of Euronet Worldwide in a research note on Wednesday, July 19th. They set a “buy” rating and a $105.00 price objective for the company. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $105.40.

Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at 99.72 on Thursday. The stock has a market cap of $5.24 billion, a PE ratio of 32.19 and a beta of 1.34. Euronet Worldwide, Inc. has a 12 month low of $70.51 and a 12 month high of $99.98. The company’s 50 day moving average is $96.81 and its 200 day moving average is $90.42.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.01. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. The company had revenue of $536.60 million during the quarter, compared to analyst estimates of $513.10 million. During the same quarter last year, the business posted $0.97 EPS. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts anticipate that Euronet Worldwide, Inc. will post $4.55 EPS for the current fiscal year.

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In related news, VP Jeffrey B. Newman sold 3,433 shares of Euronet Worldwide stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $92.00, for a total transaction of $315,836.00. Following the completion of the sale, the vice president now owns 16,386 shares in the company, valued at approximately $1,507,512. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Jeffrey B. Newman sold 24,535 shares of Euronet Worldwide stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $92.01, for a total transaction of $2,257,465.35. Following the sale, the vice president now owns 16,918 shares of the company’s stock, valued at approximately $1,556,625.18. The disclosure for this sale can be found here. Insiders have sold a total of 306,574 shares of company stock valued at $29,668,269 in the last quarter. 7.70% of the stock is currently owned by company insiders.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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