CX Institutional Raises Stock Position in Euronet Worldwide, Inc. $EEFT

Key Points

• CX Institutional increased its holdings in Euronet Worldwide, Inc. by 97.6% during the 2nd quarter, owning approximately $6.39 million worth of stock after acquiring additional shares.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Euronet Worldwide, with price targets ranging from $130.00 to $137.00, reflecting a potential for growth.
• Euronet Worldwide reported $1.07 billion in revenue for the last quarter, missing estimates slightly, while its earnings per share came in at $2.56, below the consensus of $2.66.

CX Institutional grew its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 97.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 62,988 shares of the business services provider's stock after buying an additional 31,112 shares during the quarter. CX Institutional owned approximately 0.15% of Euronet Worldwide worth $6,386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in EEFT. UMB Bank n.a. raised its stake in Euronet Worldwide by 46.2% during the second quarter. UMB Bank n.a. now owns 658 shares of the business services provider's stock valued at $67,000 after buying an additional 208 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Euronet Worldwide by 66.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 21,804 shares of the business services provider's stock valued at $2,323,000 after purchasing an additional 8,704 shares during the period. Reinhart Partners LLC. grew its holdings in Euronet Worldwide by 21.6% during the second quarter. Reinhart Partners LLC. now owns 897,910 shares of the business services provider's stock valued at $91,032,000 after purchasing an additional 159,527 shares during the period. Pallas Capital Advisors LLC lifted its position in shares of Euronet Worldwide by 123.7% in the second quarter. Pallas Capital Advisors LLC now owns 7,895 shares of the business services provider's stock valued at $800,000 after acquiring an additional 4,365 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Euronet Worldwide by 25.5% in the second quarter. Harbor Capital Advisors Inc. now owns 89,380 shares of the business services provider's stock valued at $9,061,000 after acquiring an additional 18,133 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Euronet Worldwide Price Performance

EEFT traded down $1.70 during trading on Tuesday, reaching $87.49. The company's stock had a trading volume of 504,970 shares, compared to its average volume of 521,059. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $95.02 and a two-hundred day simple moving average of $100.65. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $114.25. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 0.72 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings results 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). Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the previous year, the firm posted $2.25 EPS. The firm's quarterly 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. As a group, analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analyst Ratings Changes

EEFT has been the topic of a number of research analyst reports. Oppenheimer boosted their target price on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. DA Davidson reaffirmed a "buy" rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $122.83.

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.