Cooper Financial Group Cuts Stock Position in Euronet Worldwide, Inc. $EEFT

Key Points

• Cooper Financial Group reduced its stake in Euronet Worldwide, Inc. by 45.9%, owning 4,556 shares valued at $462,000 after selling 3,863 shares.
• Euronet reported EPS of $2.56 for the last quarter, missing estimates, but saw an 8.9% year-over-year revenue increase to $1.07 billion.
• Analysts maintain an average rating of “Moderate Buy” for Euronet Worldwide, with a target price of $121.17, amidst varied price target adjustments from different firms.

Cooper Financial Group lessened its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 45.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,556 shares of the business services provider's stock after selling 3,863 shares during the period. Cooper Financial Group's holdings in Euronet Worldwide were worth $462,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. grew its position in shares of Euronet Worldwide by 0.3% during the first quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider's stock valued at $10,155,000 after purchasing an additional 280 shares in the last quarter. GAMMA Investing LLC grew its position in shares of 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 purchasing an additional 953 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Euronet Worldwide by 211.6% during the first quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider's stock valued at $213,000 after purchasing an additional 1,352 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Euronet Worldwide by 46.4% during the first quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider's stock valued at $504,000 after purchasing an additional 1,496 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Euronet Worldwide during the first quarter valued at about $1,400,000. Hedge funds and other institutional investors own 91.60% of the company's stock.

Euronet Worldwide Stock Up 0.5%

Shares of NASDAQ EEFT opened at $88.22 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $3.62 billion, a P/E ratio of 12.10, a PEG ratio of 0.70 and a beta of 1.21. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $114.25. The firm has a 50-day simple moving average of $93.14 and a two-hundred day simple moving average of $100.04.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $1.07 billion during 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 firm's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analyst Ratings Changes

EEFT has been the subject of a number of research analyst reports. DA Davidson restated a "buy" rating and set a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, September 12th. Keefe, Bruyette & Woods dropped their price target on Euronet Worldwide from $110.00 to $100.00 and set a "market perform" rating for the company in a research report on Wednesday. Finally, Oppenheimer lifted their price target on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. One investment 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 data from MarketBeat.com, Euronet Worldwide has an average rating of "Moderate Buy" and an average target price of $121.17.

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.

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