Reinhart Partners LLC. Has $78.90 Million Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Reinhart Partners LLC. lifted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 17.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 738,383 shares of the business services provider's stock after purchasing an additional 111,234 shares during the quarter. Euronet Worldwide accounts for approximately 2.9% of Reinhart Partners LLC.'s holdings, making the stock its 11th largest position. Reinhart Partners LLC. owned approximately 1.71% of Euronet Worldwide worth $78,896,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of EEFT. Proficio Capital Partners LLC acquired a new stake in shares of Euronet Worldwide in the fourth quarter valued at $28,000. Covestor Ltd lifted its holdings in shares of Euronet Worldwide by 40.9% in the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider's stock valued at $73,000 after buying an additional 207 shares during the period. Aster Capital Management DIFC Ltd lifted its holdings in shares of Euronet Worldwide by 15,240.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock valued at $79,000 after buying an additional 762 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Euronet Worldwide by 485.6% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after buying an additional 709 shares during the period. Finally, Versant Capital Management Inc acquired a new stake in shares of Euronet Worldwide in the first quarter valued at $97,000. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Trading Up 1.5%

Shares of NASDAQ EEFT traded up $1.62 during mid-day trading on Tuesday, hitting $112.70. 355,765 shares of the company traded hands, compared to its average volume of 368,650. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $113.41. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 0.78 and a beta of 1.27. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The business has a 50 day moving average of $102.49 and a two-hundred day moving average of $102.47.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. The firm had revenue of $915.50 million for the quarter, compared to analyst estimates of $908.93 million. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. Euronet Worldwide's quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. On average, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Insider Activity at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the transaction, the chief executive officer now directly owns 1,418,966 shares of the company's stock, valued at approximately $142,875,686.54. The trade was a 6.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 11.20% of the stock is owned by insiders.

Analyst Ratings Changes

EEFT has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut their price objective on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a report on Friday, April 25th. William Blair restated an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Wall Street Zen downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Needham & Company LLC reduced their target price on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Stephens reaffirmed an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide in a report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $125.57.

Euronet Worldwide Profile

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.