AQR Capital Management LLC Has $59.39 Million Stake in Euronet Worldwide, Inc. $EEFT

Key Points

• AQR Capital Management LLC increased its stake in Euronet Worldwide by 102.5%, acquiring an additional 285,564 shares, bringing their total ownership to approximately 1.30% worth about $59.4 million.
• In its most recent earnings report, Euronet reported an EPS of $2.56, missing estimates, while its quarterly revenue of $1.07 billion was slightly below expectations of $1.08 billion.
• Analysts have a consensus rating of "Moderate Buy" for Euronet, with an average target price of $123.83, following an increase in price objectives from Oppenheimer to $137.00.

AQR Capital Management LLC lifted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 102.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 564,227 shares of the business services provider's stock after buying an additional 285,564 shares during the quarter. AQR Capital Management LLC owned about 1.30% of Euronet Worldwide worth $59,388,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elequin Capital LP bought a new position in Euronet Worldwide in the 1st quarter valued at about $30,000. UMB Bank n.a. grew its position in shares of Euronet Worldwide by 92.3% in the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock valued at $48,000 after purchasing an additional 216 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of Euronet Worldwide during the first quarter worth approximately $97,000. LRI Investments LLC lifted its holdings in Euronet Worldwide by 65.0% during the 4th quarter. LRI Investments LLC now owns 1,536 shares of the business services provider's stock worth $158,000 after purchasing an additional 605 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Euronet Worldwide by 99.9% during the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock worth $204,000 after purchasing an additional 953 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Analysts Set New Price Targets

Separately, Oppenheimer upped their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Euronet Worldwide presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.83.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT traded up $1.43 during trading hours on Thursday, hitting $91.34. 490,761 shares of the stock were exchanged, compared to its average volume of 940,389. The company's fifty day simple moving average is $97.29 and its two-hundred day simple moving average is $101.14. The company has a market cap of $3.74 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 0.72 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.15. 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 announced its quarterly earnings data 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). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.25 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, sell-side analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

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.