Pallas Capital Advisors LLC Purchases 4,365 Shares of Euronet Worldwide, Inc. $EEFT

Key Points

• Pallas Capital Advisors LLC increased its ownership in Euronet Worldwide by 123.7% during the second quarter, owning 7,895 shares valued at approximately $800,000.
• Several analysts have upgraded Euronet Worldwide's stock ratings, with a consensus "Moderate Buy" and an average target price of $122.83.
• Euronet Worldwide reported $2.56 EPS in its latest quarterly earnings, falling short of the expected $2.66 EPS, with a revenue of $1.07 billion.

Pallas Capital Advisors LLC boosted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 123.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 7,895 shares of the business services provider's stock after buying an additional 4,365 shares during the period. Pallas Capital Advisors LLC's holdings in Euronet Worldwide were worth $800,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EEFT. Elequin Capital LP purchased a new position in Euronet Worldwide in the first quarter valued at approximately $30,000. Geneos Wealth Management Inc. grew its position in Euronet Worldwide by 48.4% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider's stock valued at $36,000 after acquiring an additional 109 shares in the last quarter. Atwood & Palmer Inc. grew its position in shares of Euronet Worldwide by 43.7% during the second quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider's stock worth $44,000 after buying an additional 131 shares in the last quarter. UMB Bank n.a. grew its position in shares of Euronet Worldwide by 92.3% during the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock worth $48,000 after buying an additional 216 shares in the last quarter. Finally, Versant Capital Management Inc acquired a new stake in shares of Euronet Worldwide during the first quarter worth approximately $97,000. Hedge funds and other institutional investors own 91.60% of the company's stock.

Euronet Worldwide Stock Down 0.4%

Shares of EEFT traded down $0.32 during trading hours on Tuesday, reaching $88.87. The company's stock had a trading volume of 79,564 shares, compared to its average volume of 518,713. The company has a 50 day moving average of $95.02 and a two-hundred day moving average of $100.65. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $114.25. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 12.22, a P/E/G ratio of 0.72 and a beta of 1.25. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.74.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $2.56 EPS for the quarter, missing analysts' consensus estimates of $2.66 by ($0.10). Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the company 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. As a group, research analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EEFT. DA Davidson reissued a "buy" rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, September 12th. Oppenheimer lifted 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 given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Euronet Worldwide has an average rating of "Moderate Buy" and a consensus target price 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.