Burgundy Asset Management Ltd. Acquires 75,126 Shares of Euronet Worldwide, Inc. $EEFT

Key Points

• Burgundy Asset Management Ltd. increased its stake in Euronet Worldwide, Inc. by 6.9% during the first quarter, now holding approximately 2.71% of the company, valued at $125.17 million.
• Several brokerages have recently adjusted their target prices for Euronet Worldwide, with Needham & Company lowering theirs from $130 to $120 and Oppenheimer increasing theirs from $135 to $137.
• Euronet Worldwide reported $2.56 earnings per share for the last quarter, missing analysts' expectations, while revenue rose 8.9% year-over-year, totaling $1.07 billion.

Burgundy Asset Management Ltd. raised its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 6.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,171,426 shares of the business services provider's stock after acquiring an additional 75,126 shares during the quarter. Burgundy Asset Management Ltd. owned about 2.71% of Euronet Worldwide worth $125,167,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of EEFT. UMB Bank n.a. boosted its position in Euronet Worldwide by 92.3% during the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock valued at $48,000 after acquiring an additional 216 shares during the last quarter. Versant Capital Management Inc bought a new stake in Euronet Worldwide during the first quarter valued at $97,000. LRI Investments LLC boosted its position in Euronet Worldwide by 65.0% during the fourth quarter. LRI Investments LLC now owns 1,536 shares of the business services provider's stock valued at $158,000 after acquiring an additional 605 shares during the last quarter. GAMMA Investing LLC boosted its position in Euronet Worldwide by 99.9% during the first quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock valued at $204,000 after acquiring an additional 953 shares during the last quarter. Finally, Retirement Guys Formula LLC bought a new stake in Euronet Worldwide during the first quarter valued at $205,000. Institutional investors own 91.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Oppenheimer upped 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. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Keefe, Bruyette & Woods cut their price objective 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. Finally, Needham & Company LLC cut their price objective 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. One investment 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 stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $123.83.

Euronet Worldwide Stock Up 4.6%

Shares of EEFT stock traded up $4.33 on Friday, reaching $98.33. 400,105 shares of the company were exchanged, compared to its average volume of 473,901. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 13.49, a PEG ratio of 0.76 and a beta of 1.25. The company has a 50-day moving average of $100.35 and a 200-day moving average of $102.04. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15. 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 released 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 the consensus estimate of $1.08 billion. During the same period last year, the company earned $2.25 EPS. Euronet Worldwide'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. Analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

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.