Ellsworth Advisors LLC Boosts Holdings in 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 boosted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 410.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 0.08% of Euronet Worldwide worth $3,866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of EEFT. Captrust Financial Advisors boosted its stake in shares of Euronet Worldwide by 3.9% during the 4th quarter. Captrust Financial Advisors now owns 8,294 shares of the business services provider's stock worth $853,000 after purchasing an additional 311 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Euronet Worldwide by 18.4% during the 4th quarter. EP Wealth Advisors LLC now owns 2,532 shares of the business services provider's stock worth $260,000 after purchasing an additional 393 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Euronet Worldwide by 65.0% during the 4th quarter. Deutsche Bank AG now owns 5,643 shares of the business services provider's stock worth $580,000 after purchasing an additional 2,223 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in shares of Euronet Worldwide during the 4th quarter worth about $307,000. Finally, Millennium Management LLC boosted its stake in shares of Euronet Worldwide by 45.7% during the 4th quarter. Millennium Management LLC now owns 302,967 shares of the business services provider's stock worth $31,157,000 after purchasing an additional 95,091 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Trading Down 0.6%

NASDAQ EEFT traded down $0.51 during mid-day trading on Friday, hitting $90.83. The company's stock had a trading volume of 468,395 shares, compared to its average volume of 744,375. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $114.25. The stock's fifty day simple moving average is $96.97 and its two-hundred day simple moving average is $101.07. 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 firm has a market capitalization of $3.72 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 0.73 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted 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 business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the previous year, the business posted $2.25 EPS. The company's quarterly revenue was up 8.9% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Research analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on EEFT. DA Davidson reaffirmed a "buy" rating and set a $130.00 price target on shares of Euronet Worldwide in a research note on Friday. Oppenheimer increased 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. One 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.