Reinhart Partners LLC. Boosts Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Reinhart Partners LLC. lifted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 627,149 shares of the business services provider’s stock after purchasing an additional 20,824 shares during the period. Euronet Worldwide accounts for about 2.5% of Reinhart Partners LLC.’s portfolio, making the stock its 16th largest holding. Reinhart Partners LLC. owned approximately 1.43% of Euronet Worldwide worth $64,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. lifted its holdings in Euronet Worldwide by 0.7% in the third quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock valued at $1,793,000 after acquiring an additional 133 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Euronet Worldwide by 6.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock valued at $243,000 after acquiring an additional 143 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Euronet Worldwide by 0.6% in the third quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock valued at $2,540,000 after acquiring an additional 158 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Euronet Worldwide by 3.6% in the third quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider’s stock valued at $486,000 after acquiring an additional 170 shares during the last quarter. Finally, Quarry LP lifted its holdings in Euronet Worldwide by 21.6% in the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 193 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, SVP Martin L. Bruckner sold 9,397 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the completion of the transaction, the senior vice president now directly owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the completion of the transaction, the chief executive officer now directly owns 90,288 shares of the company’s stock, valued at approximately $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,910 shares of company stock worth $8,780,102 over the last 90 days. Company insiders own 10.50% of the company’s stock.

Euronet Worldwide Stock Performance

NASDAQ EEFT traded up $0.70 during trading hours on Monday, hitting $97.91. The company had a trading volume of 52,534 shares, compared to its average volume of 184,760. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. Euronet Worldwide, Inc. has a 1-year low of $91.07 and a 1-year high of $117.66. The company has a market cap of $4.30 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 0.94 and a beta of 1.44. The business has a 50 day moving average of $103.36 and a 200-day moving average of $101.57.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.11. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same quarter in the prior year, the firm earned $2.53 earnings per share. As a group, equities research analysts expect that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Oppenheimer decreased their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Finally, DA Davidson restated a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $126.25.

About Euronet Worldwide

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.