Algert Global LLC Acquires 16,670 Shares of Euronet Worldwide, Inc. $EEFT

Key Points

• Algert Global LLC increased its stake in Euronet Worldwide by 12.3% during the first quarter, acquiring an additional 16,670 shares, bringing its total holdings to 152,573 shares.
• Wall Street analysts have mixed views on Euronet Worldwide, with a consensus rating of "Moderate Buy" and an average target price of $123.83, despite some firms lowering their target prices recently.
• Euronet Worldwide reported a quarterly earnings miss with EPS of $2.56 compared to the expected $2.66, while revenue increased 8.9% year-over-year.

Algert Global LLC boosted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 12.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 152,573 shares of the business services provider's stock after buying an additional 16,670 shares during the period. Euronet Worldwide makes up about 0.4% of Algert Global LLC's investment portfolio, making the stock its 12th biggest position. Algert Global LLC owned approximately 0.35% of Euronet Worldwide worth $16,302,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Janus Henderson Group PLC lifted its holdings in Euronet Worldwide by 1.5% in the fourth quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider's stock valued at $142,575,000 after buying an additional 20,805 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in Euronet Worldwide by 21.0% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider's stock valued at $112,743,000 after buying an additional 190,453 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Euronet Worldwide by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock valued at $84,512,000 after buying an additional 24,569 shares during the period. Reinhart Partners LLC. lifted its holdings in Euronet Worldwide by 17.7% in the first quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider's stock valued at $78,896,000 after buying an additional 111,234 shares during the period. Finally, New South Capital Management Inc. lifted its holdings in Euronet Worldwide by 5.9% in the first quarter. New South Capital Management Inc. now owns 647,810 shares of the business services provider's stock valued at $69,218,000 after buying an additional 36,267 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Trading Up 4.6%

EEFT traded up $4.3550 during mid-day trading on Friday, hitting $98.3550. The stock had a trading volume of 382,147 shares, compared to its average volume of 473,721. The stock's fifty day simple moving average is $100.35 and its 200-day simple moving average is $102.04. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $114.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.66 by ($0.10). Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the company earned $2.25 EPS. The firm's revenue was up 8.9% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, research analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on EEFT. Oppenheimer increased their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Keefe, Bruyette & Woods cut their target price on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Finally, Needham & Company LLC cut their target price on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, April 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Euronet Worldwide has a consensus rating of "Moderate Buy" and a consensus price target of $123.83.

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.