Ellsworth Advisors LLC Buys 29,098 Shares of Euronet Worldwide, Inc. $EEFT

Key Points

• Ellsworth Advisors LLC significantly increased its stake in Euronet Worldwide, raising it by 410.8% and acquiring an additional 29,098 shares, bringing their total ownership to approximately 36,181 shares worth $3.87 million.
• Analysts have raised the price target for Euronet Worldwide from $135.00 to $137.00, with a general consensus rating of "Moderate Buy" and an average target price of $123.83.
• Euronet Worldwide reported earnings of $2.56 per share, missing the consensus estimate of $2.66, with a year-over-year revenue increase of 8.9% during the latest quarter.

Ellsworth Advisors LLC lifted its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 410.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,181 shares of the business services provider's stock after acquiring an additional 29,098 shares during the period. Ellsworth Advisors LLC owned approximately 0.08% of Euronet Worldwide worth $3,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in 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 worth $10,155,000 after purchasing an additional 280 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Euronet Worldwide by 99.9% during 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 during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Euronet Worldwide by 211.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider's stock worth $213,000 after buying an additional 1,352 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Euronet Worldwide by 46.4% during the 1st quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider's stock worth $504,000 after buying an additional 1,496 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Euronet Worldwide in the first quarter worth about $1,400,000. Institutional investors own 91.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EEFT. Oppenheimer increased their target price 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 issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Euronet Worldwide currently has an average rating of "Moderate Buy" and a consensus price target of $122.83.

Euronet Worldwide Trading Down 0.1%

Shares of EEFT stock traded down $0.08 during mid-day trading on Tuesday, hitting $89.41. The company's stock had a trading volume of 287,862 shares, compared to its average volume of 500,069. The company has a market cap of $3.67 billion, a PE ratio of 12.24, a P/E/G ratio of 0.73 and a beta of 1.25. The company's fifty day simple moving average is $96.64 and its 200-day simple moving average is $100.98. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.15. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $114.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its 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). The business 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 company's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.25 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, equities research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

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.