Benson Investment Management Company Inc. Takes Position in Euronet Worldwide, Inc. $EEFT

Key Points

• Benson Investment Management Company Inc. acquired a new stake in Euronet Worldwide, purchasing 36,238 shares valued at approximately $3.67 million, increasing their ownership to 0.08% of the company.
• Several institutional investors have raised their stakes in Euronet Worldwide, with Burgundy Asset Management increasing its position by 6.9% and Reinhart Partners growing theirs by 21.6% in the latest reporting period.
• Euronet Worldwide reported quarterly earnings of $2.56 per share, missing analysts' expectations, although the company's revenue increased by 8.9% year-over-year, totaling $1.07 billion.

Benson Investment Management Company Inc. acquired a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 36,238 shares of the business services provider's stock, valued at approximately $3,674,000. Benson Investment Management Company Inc. owned 0.08% of Euronet Worldwide at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Burgundy Asset Management Ltd. increased its position in 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 valued at $125,167,000 after purchasing an additional 75,126 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in 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 valued at $114,281,000 after purchasing an additional 31,778 shares during the period. Reinhart Partners LLC. increased its position in Euronet Worldwide by 21.6% during the 2nd quarter. Reinhart Partners LLC. now owns 897,910 shares of the business services provider's stock valued at $91,032,000 after purchasing an additional 159,527 shares during the period. Voss Capital LP increased its position in Euronet Worldwide by 30.9% during 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, New South Capital Management Inc. increased its position in Euronet Worldwide by 5.9% during the 1st quarter. New South Capital Management Inc. now owns 647,810 shares of the business services provider's stock valued at $69,218,000 after purchasing an additional 36,267 shares during the period. Institutional investors and hedge funds own 91.60% of the company's stock.

Euronet Worldwide Stock Performance

NASDAQ EEFT opened at $83.11 on Friday. The company has a fifty day simple moving average of $91.21 and a 200 day simple moving average of $99.03. Euronet Worldwide, Inc. has a 12-month low of $82.72 and a 12-month high of $114.25. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.74. The company has a market cap of $3.41 billion, a P/E ratio of 11.40, a PEG ratio of 0.69 and a beta of 1.21.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share (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 business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business posted $2.25 EPS. The business's revenue for the quarter 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. Sell-side analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EEFT has been the subject of a number of recent analyst reports. 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 research report on Wednesday, July 2nd. DA Davidson reaffirmed a "buy" rating and set a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, September 12th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Euronet Worldwide in a research report on Wednesday. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Euronet Worldwide from $110.00 to $100.00 and set a "market perform" rating for the company in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Euronet Worldwide currently has an average rating of "Moderate Buy" and an average price target of $121.17.

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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