Euronet Worldwide, Inc. $EEFT Stake Decreased 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 decreased its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,061 shares of the business services provider's stock after selling 9,217 shares during the period. Euronet Worldwide comprises approximately 5.0% of Hahn Capital Management LLC's holdings, making the stock its 6th largest holding. Hahn Capital Management LLC owned approximately 0.22% of Euronet Worldwide worth $10,264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio bought a new position in shares of Euronet Worldwide during the 1st quarter worth $1,122,000. Ellsworth Advisors LLC lifted its holdings in shares of Euronet Worldwide by 410.8% during the first quarter. Ellsworth Advisors LLC now owns 36,181 shares of the business services provider's stock worth $3,866,000 after purchasing an additional 29,098 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Euronet Worldwide by 48.4% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider's stock worth $36,000 after purchasing an additional 109 shares during the period. Focus Partners Wealth acquired a new stake in shares of Euronet Worldwide during the first quarter worth about $202,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Euronet Worldwide by 4.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,475 shares of the business services provider's stock valued at $12,980,000 after acquiring an additional 5,009 shares in the last quarter. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Trading Down 0.6%

Shares of Euronet Worldwide stock traded down $0.51 during trading hours on Friday, hitting $90.83. The company's stock had a trading volume of 468,395 shares, compared to its average volume of 717,213. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve month high of $114.25. The firm has a fifty day moving average of $96.97 and a 200-day moving average of $101.07. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 0.73 and a beta of 1.25. 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 (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.08 billion. Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The business's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Research analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on EEFT shares. DA Davidson reiterated a "buy" rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday. Oppenheimer boosted their price target on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.