Graham Capital Management L.P. Grows Position in Euronet Worldwide, Inc. $EEFT

Key Points

• Graham Capital Management L.P. significantly increased its stake in Euronet Worldwide by 133.8% during the first quarter, acquiring an additional 3,993 shares, bringing its total holdings to 6,978 shares valued at $746,000.
• Euronet Worldwide recently reported earnings of $2.56 per share for the last quarter, which fell short of the consensus estimate of $2.66, despite a year-over-year revenue increase of 8.9%.
• Analysts have a consensus rating of "Moderate Buy" for Euronet Worldwide, with a target price set at $123.83, following Oppenheimer's recent price upgrade from $135.00 to $137.00.

Graham Capital Management L.P. increased its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 133.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,978 shares of the business services provider's stock after purchasing an additional 3,993 shares during the quarter. Graham Capital Management L.P.'s holdings in Euronet Worldwide were worth $746,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Stifel Financial Corp grew its position in shares of Euronet Worldwide by 5.6% during the fourth quarter. Stifel Financial Corp now owns 12,385 shares of the business services provider's stock worth $1,274,000 after buying an additional 656 shares in the last quarter. Northern Trust Corp lifted its stake in Euronet Worldwide by 18.7% in the fourth quarter. Northern Trust Corp now owns 347,951 shares of the business services provider's stock worth $35,783,000 after acquiring an additional 54,839 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Euronet Worldwide by 24.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,012 shares of the business services provider's stock worth $1,030,000 after acquiring an additional 1,989 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Euronet Worldwide by 3.9% in the 4th quarter. Captrust Financial Advisors now owns 8,294 shares of the business services provider's stock valued at $853,000 after purchasing an additional 311 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Euronet Worldwide by 68.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 75,579 shares of the business services provider's stock valued at $7,773,000 after purchasing an additional 30,823 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Wall Street Analyst Weigh In

Separately, 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 research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Euronet Worldwide currently has a consensus rating of "Moderate Buy" and an average price target of $123.83.

Euronet Worldwide Stock Down 1.6%

Euronet Worldwide stock traded down $1.43 during mid-day trading on Wednesday, hitting $89.91. The company had a trading volume of 1,276,643 shares, compared to its average volume of 924,776. 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, Inc. has a 1 year low of $85.24 and a 1 year high of $114.25. The business has a fifty day moving average of $97.60 and a 200 day moving average of $101.21. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 0.73 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its earnings results 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 analyst estimates of $1.08 billion. Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The company's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, sell-side analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal 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.