AlphaQuest LLC Reduces Stock Holdings in Euronet Worldwide, Inc. $EEFT

Key Points

• AlphaQuest LLC has reduced its stake in Euronet Worldwide, Inc. by 56.8%, selling 11,773 shares to now own 8,954 shares valued at approximately $957,000.
• Oppenheimer raised its target price for Euronet Worldwide from $135.00 to $137.00, maintaining an "outperform" rating on the stock, with an average price target of $123.83.
• Euronet Worldwide reported a missed earnings estimate of $2.56 EPS, falling short of the $2.66 consensus, while revenue reached $1.07 billion, slightly below expectations.

AlphaQuest LLC trimmed its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 56.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,954 shares of the business services provider's stock after selling 11,773 shares during the period. AlphaQuest LLC's holdings in Euronet Worldwide were worth $957,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its stake in Euronet Worldwide by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 486,426 shares of the business services provider's stock valued at $51,975,000 after acquiring an additional 15,515 shares during the period. Martingale Asset Management L P lifted its stake in Euronet Worldwide by 18.7% during the 1st quarter. Martingale Asset Management L P now owns 56,985 shares of the business services provider's stock valued at $6,089,000 after acquiring an additional 8,974 shares during the period. Capital Fund Management S.A. acquired a new stake in Euronet Worldwide during the 1st quarter valued at approximately $3,116,000. Voss Capital LP lifted its stake in shares of Euronet Worldwide by 30.9% in the 1st quarter. Voss Capital LP now owns 824,589 shares of the business services provider's stock valued at $88,107,000 after purchasing an additional 194,589 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Euronet Worldwide by 0.3% in the 1st quarter. Northern Trust Corp now owns 349,007 shares of the business services provider's stock valued at $37,291,000 after purchasing an additional 1,056 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Price Performance

NASDAQ EEFT traded up $0.10 on Thursday, hitting $94.01. The company had a trading volume of 1,067,361 shares, compared to its average volume of 481,842. The company has a market capitalization of $3.85 billion, a PE ratio of 12.90, a PEG ratio of 0.76 and a beta of 1.25. The company's fifty day moving average price is $99.65 and its 200-day moving average price is $101.97. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $114.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $2.56 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 during the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the previous year, the firm posted $2.25 EPS. Euronet Worldwide's revenue was up 8.9% compared to the same quarter last year. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer boosted their target price on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.