Corsair Capital Management L.P. Takes Position in Euronet Worldwide, Inc. $EEFT

Key Points

• Corsair Capital Management L.P. has acquired a stake in Euronet Worldwide, purchasing 5,000 shares valued at approximately $534,000.
• A variety of institutional investors significantly increased their holdings in Euronet Worldwide, with GAMMA Investing LLC raising its position by 21,258.8% and now owning over 203,763 shares worth $21.77 million.
• Euronet Worldwide posted quarterly earnings of $2.56 per share, missing analysts' expectations, and projects FY 2025 earnings between $9.640 and $9.990 EPS.

Corsair Capital Management L.P. acquired a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,000 shares of the business services provider's stock, valued at approximately $534,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EEFT. GAMMA Investing LLC lifted its position in shares of Euronet Worldwide by 21,258.8% during the 1st quarter. GAMMA Investing LLC now owns 203,763 shares of the business services provider's stock valued at $21,772,000 after acquiring an additional 202,809 shares during the last quarter. Voss Capital LP lifted its position in shares of 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 acquiring an additional 194,589 shares during the last quarter. Burgundy Asset Management Ltd. lifted its holdings in shares of Euronet Worldwide by 21.0% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider's stock valued at $112,743,000 after purchasing an additional 190,453 shares in the last quarter. Reinhart Partners LLC. lifted its holdings in shares of Euronet Worldwide by 17.7% in the first quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider's stock valued at $78,896,000 after purchasing an additional 111,234 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Euronet Worldwide by 45.7% in the fourth quarter. Millennium Management LLC now owns 302,967 shares of the business services provider's stock valued at $31,157,000 after purchasing an additional 95,091 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Euronet Worldwide Price Performance

EEFT opened at $94.01 on Friday. The stock has a fifty day moving average of $99.53 and a 200-day moving average of $101.95. The firm has a market capitalization of $3.85 billion, a P/E ratio of 12.90, a PEG ratio of 0.75 and a beta of 1.25. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $114.25. 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 (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 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 during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company posted $2.25 earnings per share. The company's revenue 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. Equities analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Oppenheimer increased their target price on 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 issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $123.83.

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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