Cambiar Investors LLC Lowers Position in Euronet Worldwide, Inc. $EEFT

Key Points

• Cambiar Investors LLC reduced its stake in Euronet Worldwide, Inc. by 11.7%, owning 94,014 shares valued at approximately $10.05 million as of the end of the 1st quarter.
• Euronet reported a quarterly EPS of $2.56, missing analyst expectations, with revenues of $1.07 billion, showing an 8.9% year-over-year increase.
• Wall Street analysts have mixed ratings on Euronet Worldwide, with a consensus target price of $123.83, and ratings from "buy" to "market perform".

Cambiar Investors LLC cut its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 11.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,014 shares of the business services provider's stock after selling 12,423 shares during the period. Cambiar Investors LLC owned 0.22% of Euronet Worldwide worth $10,045,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of Euronet Worldwide by 92.3% during the 1st 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 in the last quarter. Versant Capital Management Inc bought a new stake in shares of Euronet Worldwide during the 1st quarter valued at about $97,000. LRI Investments LLC boosted its position in shares of Euronet Worldwide by 65.0% during the 4th quarter. LRI Investments LLC now owns 1,536 shares of the business services provider's stock valued at $158,000 after purchasing an additional 605 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Euronet Worldwide by 99.9% during the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock valued at $204,000 after purchasing an additional 953 shares in the last quarter. Finally, Retirement Guys Formula LLC bought a new stake in shares of Euronet Worldwide during the 1st quarter valued at about $205,000. Institutional investors own 91.60% of the company's stock.

Analyst Upgrades and Downgrades

EEFT has been the topic of several research analyst reports. Needham & Company LLC cut their target price on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Keefe, Bruyette & Woods cut their target price on 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. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Finally, Oppenheimer upped their price target on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $123.83.

Euronet Worldwide Stock Up 4.6%

EEFT stock traded up $4.3610 during trading on Friday, reaching $98.3610. 382,147 shares of the stock were exchanged, compared to its average volume of 473,721. The firm's 50 day moving average is $100.35 and its 200 day moving average is $102.04. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve 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 firm has a market cap of $4.03 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued 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 company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.08 billion. Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The business's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $2.25 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, research analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS 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.