13,239 Euronet Worldwide, Inc. $EEFT Shares Purchased by Reinhart Partners LLC.

Reinhart Partners LLC. boosted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,640,380 shares of the business services provider’s stock after buying an additional 13,239 shares during the period. Euronet Worldwide makes up approximately 2.5% of Reinhart Partners LLC.’s investment portfolio, making the stock its 13th largest holding. Reinhart Partners LLC.’s holdings in Euronet Worldwide were worth $103,131,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank of America Corp DE purchased a new stake in shares of Euronet Worldwide in the 2nd quarter valued at $22,221,000. Weitz Investment Management Inc. acquired a new stake in shares of Euronet Worldwide in the fourth quarter worth $12,178,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Euronet Worldwide during the first quarter worth $1,795,000. Walleye Trading LLC purchased a new position in shares of Euronet Worldwide during the second quarter worth $1,068,000. Finally, Rice Hall James & Associates LLC lifted its position in Euronet Worldwide by 8.3% during the first quarter. Rice Hall James & Associates LLC now owns 241,991 shares of the business services provider’s stock valued at $16,061,000 after purchasing an additional 18,515 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Euronet Worldwide Stock Up 1.5%

EEFT stock opened at $64.60 on Friday. The firm has a market cap of $2.46 billion, a PE ratio of 10.14, a P/E/G ratio of 0.52 and a beta of 0.85. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.37 and a current ratio of 1.37. The firm’s fifty day moving average is $69.06 and its 200 day moving average is $70.61. Euronet Worldwide, Inc. has a one year low of $61.62 and a one year high of $89.44.

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

Euronet Worldwide 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.