First Sabrepoint Capital Management LP Has $9.62 Million Stock Holdings in Euronet Worldwide, Inc. $EEFT

Key Points

• First Sabrepoint Capital Management LP has reduced its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 10%, now holding 90,000 shares worth approximately $9.6 million.
• Analysts have varied outlooks on the stock, with Oppenheimer increasing its price target from $135.00 to $137.00 and an average rating of "Moderate Buy" based on a consensus price target of $123.83.
• Euronet Worldwide reported a Q2 EPS of $2.56, which missed the consensus estimate, yet showed an 8.9% revenue growth compared to the same quarter last year.

First Sabrepoint Capital Management LP trimmed its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 10.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,000 shares of the business services provider's stock after selling 10,000 shares during the quarter. Euronet Worldwide comprises 3.6% of First Sabrepoint Capital Management LP's portfolio, making the stock its 9th largest holding. First Sabrepoint Capital Management LP owned about 0.21% of Euronet Worldwide worth $9,616,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EEFT. Principal Financial Group Inc. boosted its stake in shares of Euronet Worldwide by 0.3% during 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 in the last quarter. GAMMA Investing LLC boosted its position in Euronet Worldwide by 99.9% during the first quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock valued at $204,000 after purchasing an additional 953 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Euronet Worldwide by 211.6% in the first 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% in the first 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 acquired a new stake in shares of Euronet Worldwide in the first quarter worth about $1,400,000. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Trading Down 0.2%

Shares of EEFT stock traded down $0.15 during trading hours on Friday, reaching $90.73. The company had a trading volume of 288,669 shares, compared to its average volume of 490,369. The company has a 50 day moving average of $98.60 and a 200 day moving average of $101.65. 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 cap of $3.72 billion, a price-to-earnings ratio of 12.44, a P/E/G ratio of 0.73 and a beta of 1.25. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $114.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share for the quarter, missing analysts' consensus estimates of $2.66 by ($0.10). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The business's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, equities research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analysts Set New Price Targets

Separately, Oppenheimer boosted their price objective 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 research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Euronet Worldwide presently has a consensus rating of "Moderate Buy" and an average price target of $123.83.

Euronet Worldwide Company 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.