Van Berkom Associates buys $58,818,361 stake in Euronet Worldwide (EEFT)

Euronet Worldwide (EEFT) : Van Berkom Associates scooped up 36,606 additional shares in Euronet Worldwide during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 811,064 shares of Euronet Worldwide which is valued at $58,818,361.Euronet Worldwide makes up approximately 2.57% of Van Berkom Associates’s portfolio.

Other Hedge Funds, Including , Palo Capital added EEFT to its portfolio by purchasing 5,000 company shares during the most recent quarter which is valued at $362,600. Euronet Worldwide makes up approx 0.12% of Palo Capital’s portfolio.Eagle Boston Investment Management Inc boosted its stake in EEFT in the latest quarter, The investment management firm added 5,204 additional shares and now holds a total of 197,326 shares of Euronet Worldwide which is valued at $14,361,386. Euronet Worldwide makes up approx 1.87% of Eagle Boston Investment Management Inc’s portfolio.Nordea Investment Management Ab boosted its stake in EEFT in the latest quarter, The investment management firm added 4,930 additional shares and now holds a total of 7,263 shares of Euronet Worldwide which is valued at $528,601. Foundry Partners added EEFT to its portfolio by purchasing 2,975 company shares during the most recent quarter which is valued at $214,379. Euronet Worldwide makes up approx 0.02% of Foundry Partners’s portfolio.

Euronet Worldwide opened for trading at $72.47 and hit $72.88 on the upside on Wednesday, eventually ending the session at $72.78, with a gain of 1.25% or 0.9 points. The heightened volatility saw the trading volume jump to 6,92,406 shares. Company has a market cap of $3,788 M.

On the company’s financial health, Euronet Worldwide reported $1.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 21, 2015. Analyst had a consensus of $0.95. The company had revenue of $481.40 million for the quarter, compared to analysts expectations of $479.12 million. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Many Wall Street Analysts have commented on Euronet Worldwide. Euronet Worldwide was Downgraded by Monness Crespi & Hardt to ” Neutral” on Jun 10, 2016.

Euronet Worldwide Inc. (Euronet) is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions retailers service providers and individual consumers. The Company operates in three segments: The EFT Processing Segment which provides electronic payment solutions consisting of ATM cash withdrawal and deposit services ATM network participation outsourced ATM and POS management solutions credit and debit card outsourcing and card issuing and merchant acquiring services; The epay Segment which provides electronic distribution and processing of prepaid mobile airtime and other electronic payment products and collection services for various payment products cards and services and the Money Transfer Segment which provides global consumer-to-consumer money transfer services under the brand names Ria and AFEX Money Express and global account-to-account money transfer services under the brand name HiFX.

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