Value Holdings Management CO. LLC Takes $17.60 Million Position in Euronet Worldwide, Inc. $EEFT

Value Holdings Management CO. LLC purchased a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the second quarter, HoldingsChannel reports. The firm purchased 240,412 shares of the business services provider’s stock, valued at approximately $17,596,000. Euronet Worldwide comprises 2.9% of Value Holdings Management CO. LLC’s portfolio, making the stock its 13th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Euronet Worldwide during the 2nd quarter worth approximately $244,726,000. Bank of Montreal Can raised its stake in shares of Euronet Worldwide by 933.8% during the 4th quarter. Bank of Montreal Can now owns 1,993,682 shares of the business services provider’s stock worth $151,739,000 after buying an additional 1,800,837 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Euronet Worldwide by 131.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock valued at $132,632,000 after buying an additional 744,040 shares during the period. Turtle Creek Asset Management Inc. lifted its holdings in shares of Euronet Worldwide by 44.9% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,847,040 shares of the business services provider’s stock valued at $122,588,000 after buying an additional 572,194 shares during the period. Finally, Brown Advisory Inc. purchased a new stake in shares of Euronet Worldwide in the fourth quarter valued at approximately $37,523,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insiders Place Their Bets

In other news, Director Thomas A. Mcdonnell acquired 3,000 shares of Euronet Worldwide stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $66.87 per share, with a total value of $200,610.00. Following the completion of the acquisition, the director owned 100,219 shares in the company, valued at $6,701,644.53. This trade represents a 3.09% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 12.19% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on EEFT shares. Weiss Ratings lowered Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. DA Davidson reissued a “buy” rating and issued a $102.00 target price on shares of Euronet Worldwide in a report on Friday, July 10th. Finally, Needham & Company LLC boosted their target price on shares of Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Euronet Worldwide presently has an average rating of “Hold” and a consensus price target of $96.00.

Euronet Worldwide Trading Up 1.1%

Shares of Euronet Worldwide stock opened at $69.38 on Friday. The company has a 50-day moving average of $73.73 and a two-hundred day moving average of $71.40. Euronet Worldwide, Inc. has a 12-month low of $62.50 and a 12-month high of $98.52. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.47. The stock has a market cap of $2.64 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 0.55 and a beta of 0.82.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.82 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.11). Euronet Worldwide had a return on equity of 28.60% and a net margin of 6.63%.The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.56 EPS. On average, research analysts anticipate that Euronet Worldwide, Inc. will post 9.55 EPS for the current fiscal year.

Euronet Worldwide Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.