Euronet Worldwide, Inc. $EEFT Holdings Lessened by Hahn Capital Management LLC

Key Points

• Hahn Capital Management LLC has reduced its position in Euronet Worldwide, Inc. by 8.8%, making it the firm's 6th largest holding at approximately $10.26 million.
• Despite a missed earnings estimate in the latest quarter, Euronet Worldwide's revenue showed an 8.9% year-over-year increase, totaling $1.07 billion.
• Oppenheimer raised their price target for Euronet Worldwide from $135.00 to $137.00 while the average target price is set at $123.83, with a current “Moderate Buy” rating.

Hahn Capital Management LLC lowered its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 8.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,061 shares of the business services provider's stock after selling 9,217 shares during the period. Euronet Worldwide accounts for about 5.0% of Hahn Capital Management LLC's holdings, making the stock its 6th biggest position. Hahn Capital Management LLC owned 0.22% of Euronet Worldwide worth $10,264,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of EEFT. Captrust Financial Advisors increased its holdings in 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 acquiring an additional 311 shares during the period. Deutsche Bank AG increased its holdings in 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 acquiring an additional 2,223 shares during the period. Graham Capital Management L.P. bought a new stake in Euronet Worldwide during the 4th quarter worth approximately $307,000. Millennium Management LLC increased its holdings in 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 acquiring an additional 95,091 shares during the period. Finally, Numerai GP LLC increased its holdings in Euronet Worldwide by 95.0% during the 4th quarter. Numerai GP LLC now owns 10,035 shares of the business services provider's stock worth $1,032,000 after acquiring an additional 4,889 shares during the period. Institutional investors own 91.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. DA Davidson reissued a "buy" rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday, September 12th. Oppenheimer upped their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research note 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.83.

Euronet Worldwide Stock Up 1.1%

NASDAQ:EEFT traded up $0.96 on Wednesday, reaching $90.26. 326,625 shares of the stock traded hands, compared to its average volume of 503,029. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 0.72 and a beta of 1.25. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.74. Euronet Worldwide, Inc. has a 12 month low of $85.24 and a 12 month high of $114.25. The company's fifty day simple moving average is $96.29 and its 200 day simple moving average is $100.90.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings data 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 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 the consensus estimate of $1.08 billion. During the same quarter in the prior year, the business posted $2.25 earnings per share. The firm's revenue for the quarter 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 predict that Euronet Worldwide, Inc. will post 9.11 EPS 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.