Great Lakes Advisors LLC Sells 4,057 Shares of Euronet Worldwide, Inc. $EEFT

Key Points

• Great Lakes Advisors LLC reduced its stake in Euronet Worldwide, selling 4,057 shares, bringing its total ownership to approximately 107,777 shares valued at $11.5 million.
• Oppenheimer raised the price target for Euronet Worldwide from $135.00 to $137.00, with a consensus rating of "Moderate Buy" among analysts.
• Euronet Worldwide reported $2.56 EPS for the last quarter, missing the consensus estimate, with revenue growth of 8.9% year-over-year despite not meeting projections.

Great Lakes Advisors LLC lessened its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 3.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 107,777 shares of the business services provider's stock after selling 4,057 shares during the period. Great Lakes Advisors LLC owned approximately 0.25% of Euronet Worldwide worth $11,516,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Elequin Capital LP acquired a new position in shares of Euronet Worldwide during the 1st quarter worth about $30,000. UMB Bank n.a. lifted its position in shares of Euronet Worldwide by 92.3% during the 1st quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock worth $48,000 after purchasing an additional 216 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of Euronet Worldwide during the 1st quarter worth about $97,000. LRI Investments LLC raised its holdings in Euronet Worldwide by 65.0% in the 4th quarter. LRI Investments LLC now owns 1,536 shares of the business services provider's stock valued at $158,000 after acquiring an additional 605 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Euronet Worldwide by 99.9% in the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock valued at $204,000 after acquiring an additional 953 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on EEFT. Oppenheimer upped their price target on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. DA Davidson reaffirmed a "buy" rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Euronet Worldwide currently has an average rating of "Moderate Buy" and an average price target of $122.83.

Euronet Worldwide Price Performance

Shares of EEFT stock traded down $0.51 during trading hours on Friday, hitting $90.83. The company had a trading volume of 468,395 shares, compared to its average volume of 717,213. Euronet Worldwide, Inc. has a 12 month low of $85.24 and a 12 month high of $114.25. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 0.73 and a beta of 1.25. The firm's fifty day moving average is $96.97 and its 200 day moving average is $101.07. 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 released its quarterly earnings data on Thursday, July 31st. The business services provider reported $2.56 earnings per share for the quarter, missing the consensus estimate of $2.66 by ($0.10). Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $2.25 earnings per share. The company's revenue for the quarter was up 8.9% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, sell-side analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

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.