Graham Capital Management L.P. Increases 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. boosted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 133.8% during the 1st quarter, according to the company in 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 acquiring an additional 3,993 shares during the period. Graham Capital Management L.P.'s holdings in Euronet Worldwide were worth $746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Blair William & Co. IL lifted its position in shares of Euronet Worldwide by 2.0% in the 1st quarter. Blair William & Co. IL now owns 5,007 shares of the business services provider's stock worth $535,000 after purchasing an additional 100 shares during the period. State of Alaska Department of Revenue raised its stake in Euronet Worldwide by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 4,833 shares of the business services provider's stock worth $516,000 after buying an additional 120 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Euronet Worldwide by 6.8% during the first quarter. Fifth Third Bancorp now owns 1,929 shares of the business services provider's stock worth $206,000 after buying an additional 123 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in Euronet Worldwide by 4.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 3,492 shares of the business services provider's stock worth $373,000 after buying an additional 147 shares during the period. Finally, Vise Technologies Inc. boosted its position in Euronet Worldwide by 3.9% during the 4th quarter. Vise Technologies Inc. now owns 4,656 shares of the business services provider's stock valued at $479,000 after acquiring an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Euronet Worldwide Stock Up 0.3%

EEFT traded up $0.29 during trading on Friday, hitting $91.16. The stock had a trading volume of 701,364 shares, compared to its average volume of 891,236. The stock has a 50 day simple moving average of $98.38 and a two-hundred day simple moving average of $101.47. 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, Inc. has a twelve month low of $85.24 and a twelve month high of $114.25. The company has a market capitalization of $3.74 billion, a PE ratio of 12.50, a PEG ratio of 0.73 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.07 billion for 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 revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, research analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analyst Ratings Changes

Separately, 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 has an average rating of "Moderate Buy" and a consensus price target of $123.83.

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.