B. Metzler seel. Sohn & Co. AG Sells 3,393 Shares of Euronet Worldwide, Inc. $EEFT

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Euronet Worldwide by 20.4% during the 1st quarter, selling 3,393 shares and now holds 13,254 shares valued at $1,416,000.
• Oppenheimer raised its target price for Euronet Worldwide from $135.00 to $137.00 and assigned an "outperform" rating, while the stock currently maintains an average rating of "Moderate Buy" with a target consensus price of $123.83.
• Euronet Worldwide reported $2.56 earnings per share for the latest quarter, missing estimates, with revenue of $1.07 billion, a year-over-year increase of 8.9%.

B. Metzler seel. Sohn & Co. AG trimmed its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 20.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,254 shares of the business services provider's stock after selling 3,393 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Euronet Worldwide were worth $1,416,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Janus Henderson Group PLC lifted its stake in shares of 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 in the last quarter. Burgundy Asset Management Ltd. lifted its stake in shares of Euronet Worldwide by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 1,171,426 shares of the business services provider's stock valued at $125,167,000 after buying an additional 75,126 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Euronet Worldwide by 3.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,069,549 shares of the business services provider's stock valued at $114,281,000 after buying an additional 31,778 shares in the last quarter. Voss Capital LP lifted its stake in shares of Euronet Worldwide by 30.9% in the first quarter. Voss Capital LP now owns 824,589 shares of the business services provider's stock valued at $88,107,000 after buying an additional 194,589 shares in the last quarter. Finally, Reinhart Partners LLC. lifted its stake in shares of 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 in the last quarter. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Stock Performance

NASDAQ EEFT traded up $0.23 during trading hours on Thursday, reaching $90.87. 819,076 shares of the company were exchanged, compared to its average volume of 873,363. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $114.25. The business's 50 day simple moving average is $98.60 and its 200-day simple moving average is $101.65. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $3.73 billion, a P/E ratio of 12.47, a P/E/G ratio of 0.73 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $2.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $1.08 billion. During the same quarter last year, the business posted $2.25 EPS. The business's quarterly 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. On average, equities research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analyst Ratings Changes

Separately, Oppenheimer increased their target price 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. One 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.