AQR Capital Management LLC Acquires 285,564 Shares of 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 boosted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 102.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 564,227 shares of the business services provider's stock after buying an additional 285,564 shares during the period. AQR Capital Management LLC owned approximately 1.30% of Euronet Worldwide worth $59,388,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its position in Euronet Worldwide by 1.5% in the 4th quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider's stock worth $142,575,000 after buying an additional 20,805 shares during the period. Burgundy Asset Management Ltd. grew its holdings in shares of Euronet Worldwide by 6.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,171,426 shares of the business services provider's stock worth $125,167,000 after purchasing an additional 75,126 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Euronet Worldwide by 3.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,069,549 shares of the business services provider's stock worth $114,281,000 after purchasing an additional 31,778 shares in the last quarter. Voss Capital LP grew its holdings in shares of Euronet Worldwide by 30.9% during the 1st quarter. Voss Capital LP now owns 824,589 shares of the business services provider's stock worth $88,107,000 after purchasing an additional 194,589 shares in the last quarter. Finally, Reinhart Partners LLC. grew its holdings in shares of Euronet Worldwide by 17.7% during the 1st quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider's stock worth $78,896,000 after purchasing an additional 111,234 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Price Performance

Shares of EEFT stock opened at $91.16 on Friday. The stock's fifty day simple moving average is $98.38 and its 200 day simple moving average is $101.52. 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 cap of $3.74 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 0.73 and a beta of 1.25. Euronet Worldwide, Inc. has a one year low of $85.24 and a one year high of $114.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced 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). The company had revenue of $1.07 billion during 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%. Euronet Worldwide's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Oppenheimer lifted their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the stock 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 issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $123.83.

About Euronet Worldwide

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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