Voss Capital LP Acquires 194,589 Shares of Euronet Worldwide, Inc. $EEFT

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Voss Capital LP raised its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 30.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 824,589 shares of the business services provider's stock after buying an additional 194,589 shares during the quarter. Euronet Worldwide comprises 6.8% of Voss Capital LP's holdings, making the stock its 4th largest position. Voss Capital LP owned 1.91% of Euronet Worldwide worth $88,107,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC increased its holdings in shares of Euronet Worldwide by 1.5% in the fourth quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider's stock valued at $142,575,000 after purchasing an additional 20,805 shares during the period. Burgundy Asset Management Ltd. increased its holdings in shares of Euronet Worldwide by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 1,171,426 shares of the business services provider's stock valued at $125,167,000 after purchasing an additional 75,126 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Euronet Worldwide by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock valued at $84,512,000 after purchasing an additional 24,569 shares during the period. Reinhart Partners LLC. increased its holdings in shares of Euronet Worldwide by 17.7% in the first quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider's stock valued at $78,896,000 after purchasing an additional 111,234 shares during the period. Finally, New South Capital Management Inc. increased its holdings in shares of Euronet Worldwide by 5.9% in the first quarter. New South Capital Management Inc. now owns 647,810 shares of the business services provider's stock valued at $69,218,000 after purchasing an additional 36,267 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Oppenheimer increased their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One equities research 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $123.83.

Euronet Worldwide Stock Performance

Euronet Worldwide stock traded up $4.32 during midday trading on Friday, hitting $98.32. 849,725 shares of the company were exchanged, compared to its average volume of 844,913. The firm has a market capitalization of $4.03 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 0.79 and a beta of 1.25. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $114.25. The business has a fifty day simple moving average of $100.17 and a two-hundred day simple moving average of $102.08. 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 posted its 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). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The firm's revenue was up 8.9% on a year-over-year basis. During the same period last year, the business earned $2.25 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, sell-side analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

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.