Several other hedge funds have also modified their holdings of the company. Nordea Investment Management AB boosted its stake in shares of Euronet Worldwide by 211.3% in the second quarter. Nordea Investment Management AB now owns 7,263 shares of the company’s stock valued at $503,000 after buying an additional 4,930 shares in the last quarter. Bbva Compass Bancshares Inc. acquired a new stake in shares of Euronet Worldwide during the second quarter valued at $384,000. Smithfield Trust Co. boosted its stake in shares of Euronet Worldwide by 14.6% in the second quarter. Smithfield Trust Co. now owns 2,053 shares of the company’s stock valued at $142,000 after buying an additional 261 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of Euronet Worldwide by 4.0% in the second quarter. Frontier Capital Management Co. LLC now owns 2,111,639 shares of the company’s stock valued at $146,104,000 after buying an additional 81,144 shares in the last quarter. Finally, Airain ltd acquired a new stake in shares of Euronet Worldwide during the second quarter valued at $1,779,000. 91.85% of the stock is currently owned by institutional investors.
Hahn Capital Management LLC cut its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 20.8% during the third quarter, Holdings Channel reports. The institutional investor owned 501,369 shares of the company’s stock after selling 131,334 shares during the period. Euronet Worldwide comprises about 4.0% of Hahn Capital Management LLC’s portfolio, making the stock its 6th largest position. Hahn Capital Management LLC’s holdings in Euronet Worldwide were worth $39,884,000 at the end of the most recent reporting period.
Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at 80.25 on Monday. The firm’s 50-day moving average is $73.18 and its 200-day moving average is $76.86. The company has a market cap of $4.33 billion, a PE ratio of 24.85 and a beta of 1.34. Euronet Worldwide, Inc. has a 12 month low of $64.51 and a 12 month high of $84.81.
Several analysts recently weighed in on EEFT shares. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, October 26th. Piper Jaffray Companies set a $97.00 price objective on shares of Euronet Worldwide and gave the stock a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $91.20.
Euronet Worldwide Company Profile
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
Want to see what other hedge funds are holding EEFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Euronet Worldwide, Inc. (NASDAQ:EEFT).