240,412 Shares in Euronet Worldwide, Inc. $EEFT Bought by Value Holdings Management CO. LLC

Key Points

• Value Holdings Management acquired 240,412 shares of Euronet Worldwide in the second quarter, worth approximately $17.6 million and representing 0.63% of the company. Institutional investors collectively own 91.60% of EEFT.
• Euronet’s shares opened at $69.38, near the lower end of their 52-week range of $62.50 to $98.52. The company reported quarterly EPS of $2.82, below the $2.93 consensus estimate, while revenue increased 3.2% year over year.
• Analyst sentiment is mixed, with a consensus “Hold” rating and a $96 price target; three analysts rate the stock Buy, three Hold, and one Sell.

Value Holdings Management CO. LLC acquired a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 240,412 shares of the business services provider's stock, valued at approximately $17,596,000. Euronet Worldwide makes up about 2.9% of Value Holdings Management CO. LLC's portfolio, making the stock its 13th largest position. Value Holdings Management CO. LLC owned 0.63% of Euronet Worldwide as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Aurora Investment Counsel acquired a new stake in shares of Euronet Worldwide during the second quarter worth about $1,299,000. First National Bank of Omaha acquired a new stake in shares of Euronet Worldwide in the 2nd quarter valued at about $360,000. Meeder Asset Management Inc. purchased a new position in Euronet Worldwide during the 2nd quarter worth approximately $586,000. BlackRock Inc. purchased a new position in Euronet Worldwide during the 2nd quarter worth approximately $244,726,000. Finally, Deutsche Bank AG acquired a new position in Euronet Worldwide during the second quarter worth approximately $323,000. Hedge funds and other institutional investors own 91.60% of the company's stock.

Euronet Worldwide Price Performance

Shares of EEFT opened at $69.38 on Friday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.37 and a current ratio of 1.37. Euronet Worldwide, Inc. has a fifty-two week low of $62.50 and a fifty-two week high of $98.52. The firm has a 50-day simple moving average of $73.73 and a 200-day simple moving average of $71.40. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 0.55 and a beta of 0.82.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) 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 the consensus estimate of $2.93 by ($0.11). Euronet Worldwide had a net margin of 6.63% and a return on equity of 28.60%. The business's revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $2.56 earnings per share. On average, equities research analysts anticipate that Euronet Worldwide, Inc. will post 9.55 earnings per share for the current year.

Insider Buying and Selling at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell bought 3,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $66.87 per share, for a total transaction of $200,610.00. Following the purchase, the director owned 100,219 shares of the company's stock, valued at $6,701,644.53. This trade represents a 3.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 12.19% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. DA Davidson reiterated a "buy" rating and issued a $102.00 price objective on shares of Euronet Worldwide in a research note on Friday, July 10th. Weiss Ratings lowered shares of Euronet Worldwide from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. Finally, Needham & Company LLC lifted their target price on shares of Euronet Worldwide from $85.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Euronet Worldwide currently has a consensus rating of "Hold" and a consensus price target of $96.00.

About Euronet Worldwide

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.

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