CX Institutional Has $6.39 Million Position in Euronet Worldwide, Inc. $EEFT

Key Points

• CX Institutional increased its stake in Euronet Worldwide, Inc. by 97.6%, owning 62,988 shares valued at approximately $6.39 million as of the last SEC filing.
• Several institutional investors, including Principal Financial Group and GAMMA Investing, have also increased their positions in Euronet Worldwide, leading to institutional ownership of 91.60% of the company.
• Analyst ratings for Euronet Worldwide are predominantly positive, with a consensus rating of "Moderate Buy" and a target price of $122.83, despite the company missing earnings expectations in its latest quarterly report.

CX Institutional raised its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 97.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,988 shares of the business services provider's stock after purchasing an additional 31,112 shares during the quarter. CX Institutional owned about 0.15% of Euronet Worldwide worth $6,386,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Principal Financial Group Inc. grew its holdings in shares of Euronet Worldwide by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider's stock worth $10,155,000 after acquiring an additional 280 shares during the last quarter. GAMMA Investing LLC lifted its position in Euronet Worldwide by 99.9% in the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock worth $204,000 after buying an additional 953 shares in the last quarter. Asset Management One Co. Ltd. raised its position in 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 acquiring an additional 1,352 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Euronet Worldwide by 46.4% in the 1st 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 during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Euronet Worldwide during the 1st quarter worth about $1,400,000. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Price Performance

EEFT stock traded down $0.02 during midday trading on Monday, reaching $89.19. 1,103,782 shares of the company's stock traded hands, compared to its average volume of 521,434. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $114.25. The company has a 50-day simple moving average of $95.02 and a two-hundred day simple moving average of $100.65. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 0.72 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 (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings results 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). 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 analyst estimates of $1.08 billion. During the same period last year, the company earned $2.25 EPS. 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. On average, analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on EEFT shares. Oppenheimer upped their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. DA Davidson reissued a "buy" rating and set a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned 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 price target of $122.83.

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.