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American Century Companies Inc. Has $119.15 Million Stock Position in Euronet Worldwide, Inc. $EEFT

Euronet Worldwide logo with Finance background

Key Points

  • American Century Companies Inc. has reduced its stake in Euronet Worldwide by 21.7%, now holding approximately 2.58% of the company, valued at $119.15 million.
  • Institutional investors collectively own 91.60% of Euronet Worldwide, with notable increases in holdings reported by GAMMA Investing LLC and Millennium Management LLC.
  • Euronet Worldwide reported a 2.56 EPS for the last quarter, falling short of analyst expectations, despite a 8.9% increase in year-over-year revenue.
  • Looking to export and analyze Euronet Worldwide data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

American Century Companies Inc. lessened its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 21.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,115,136 shares of the business services provider's stock after selling 308,914 shares during the quarter. American Century Companies Inc. owned approximately 2.58% of Euronet Worldwide worth $119,152,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Euronet Worldwide by 0.3% during the first quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider's stock valued at $10,155,000 after acquiring an additional 280 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Euronet Worldwide by 99.9% in the first quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock valued at $204,000 after purchasing an additional 953 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Euronet Worldwide by 211.6% in the first quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider's stock valued at $213,000 after purchasing an additional 1,352 shares during the period. SG Americas Securities LLC raised its position in shares of Euronet Worldwide by 46.4% in the first quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider's stock valued at $504,000 after purchasing an additional 1,496 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Euronet Worldwide in the first quarter valued at approximately $1,400,000. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT traded up $4.3140 on Friday, hitting $98.3140. The stock had a trading volume of 349,816 shares, compared to its average volume of 473,470. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve month high of $114.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.15. The firm's 50 day moving average price is $100.35 and its 200-day moving average price is $102.04. The company 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 (NASDAQ:EEFT - Get Free Report) last issued its 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 net margin of 8.06% and a return on equity of 26.62%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the firm posted $2.25 EPS. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, equities research analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analysts Set New Price Targets

EEFT has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Needham & Company LLC dropped their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Oppenheimer lifted their price target on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. One 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $123.83.

View Our Latest Report on EEFT

Euronet Worldwide Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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