Hotchkis & Wiley Capital Management LLC Increases Stock Position in Euronet Worldwide, Inc. $EEFT

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Euronet Worldwide, Inc. to $114.28 million, representing a 3.1% rise in shares during the first quarter.
• Euronet Worldwide's recent quarterly earnings report showed an earnings per share of $2.56, missing the consensus estimate by $0.10, and revenue of $1.07 billion, slightly below expectations.
• Brokerage firms have mixed ratings on Euronet Worldwide, with price targets ranging from $110.00 to $137.00, highlighting a generally positive outlook among analysts.

Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,069,549 shares of the business services provider's stock after acquiring an additional 31,778 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 2.47% of Euronet Worldwide worth $114,281,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of EEFT. Mariner LLC lifted its stake in Euronet Worldwide by 20.2% in the fourth quarter. Mariner LLC now owns 4,197 shares of the business services provider's stock valued at $432,000 after purchasing an additional 706 shares during the last quarter. Jump Financial LLC purchased a new position in Euronet Worldwide in the fourth quarter valued at approximately $263,000. First Trust Advisors LP lifted its stake in Euronet Worldwide by 59.0% in the fourth quarter. First Trust Advisors LP now owns 190,612 shares of the business services provider's stock valued at $19,602,000 after purchasing an additional 70,719 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 last quarter. Finally, MetLife Investment Management LLC lifted its stake in Euronet Worldwide by 6.7% in the fourth quarter. MetLife Investment Management LLC now owns 23,296 shares of the business services provider's stock valued at $2,396,000 after purchasing an additional 1,459 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Price Performance

Shares of EEFT stock traded down $1.20 on Tuesday, reaching $94.74. The company's stock had a trading volume of 503,268 shares, compared to its average volume of 852,505. 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 12-month low of $85.24 and a 12-month high of $114.25. The company has a market capitalization of $3.88 billion, a P/E ratio of 12.24, a PEG ratio of 0.77 and a beta of 1.25. The stock's 50 day simple moving average is $99.77 and its 200-day simple moving average is $102.03.

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). 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 analysts' expectations of $1.08 billion. During the same period in the prior year, the company earned $2.25 EPS. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, equities analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Oppenheimer increased their target price 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $123.83.

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.