Capital Fund Management S.A. Makes New Investment in Euronet Worldwide, Inc. $EEFT

Key Points

• Capital Fund Management S.A. has taken a new stake in Euronet Worldwide, purchasing 29,162 shares valued at approximately $3.12 million, which constitutes about 0.07% ownership in the company.
• Several other institutional investors have also increased their holdings, with significant stakes raised by Janus Henderson Group and Burgundy Asset Management.
• Analysts have boosted their price target for Euronet Worldwide from $135.00 to $137.00, indicating a positive outlook with a consensus rating of "Moderate Buy".

Capital Fund Management S.A. bought a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,162 shares of the business services provider's stock, valued at approximately $3,116,000. Capital Fund Management S.A. owned about 0.07% of Euronet Worldwide as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mariner LLC grew its stake in Euronet Worldwide by 20.2% in the 4th quarter. Mariner LLC now owns 4,197 shares of the business services provider's stock valued at $432,000 after buying an additional 706 shares in the last quarter. Jump Financial LLC purchased a new stake in Euronet Worldwide in the 4th quarter worth approximately $263,000. First Trust Advisors LP lifted its stake in Euronet Worldwide by 59.0% in the 4th quarter. First Trust Advisors LP now owns 190,612 shares of the business services provider's stock worth $19,602,000 after purchasing an additional 70,719 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Euronet Worldwide by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock worth $84,512,000 after buying an additional 24,569 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of Euronet Worldwide by 6.7% in the 4th quarter. MetLife Investment Management LLC now owns 23,296 shares of the business services provider's stock worth $2,396,000 after buying an additional 1,459 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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 given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $123.83.

Euronet Worldwide Trading Down 0.5%

Shares of EEFT traded down $0.46 during trading hours on Friday, reaching $93.55. 151,184 shares of the company traded hands, compared to its average volume of 482,042. The company's fifty day moving average price is $99.53 and its two-hundred day moving average price is $101.95. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 0.75 and a beta of 1.25. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.74. Euronet Worldwide, Inc. has a 12 month low of $85.24 and a 12 month high of $114.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $2.56 EPS for the quarter, missing the consensus estimate of $2.66 by ($0.10). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The company's revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Equities research analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Euronet Worldwide Company 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.