Euronet Worldwide, Inc. $EEFT Stock Holdings Lessened by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC significantly reduced its holdings in Euronet Worldwide by 83.3%, selling 10,364 shares and now owning 2,085 shares valued at $223,000.
• Multiple institutional investors increased their positions in Euronet Worldwide, with Deutsche Bank AG showing the largest increase at 65.0% in the last quarter.
• Analysts have given Euronet Worldwide a consensus rating of "Moderate Buy" with an average target price of $123.83, while its current stock price is around $91.16.

Hsbc Holdings PLC cut its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 83.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,085 shares of the business services provider's stock after selling 10,364 shares during the period. Hsbc Holdings PLC's holdings in Euronet Worldwide were worth $223,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Elequin Capital LP acquired a new stake in Euronet Worldwide during the first quarter valued at approximately $30,000. UMB Bank n.a. raised its stake in Euronet Worldwide by 92.3% during the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock valued at $48,000 after buying an additional 216 shares in the last quarter. Versant Capital Management Inc acquired a new stake in Euronet Worldwide during the first quarter valued at approximately $97,000. LRI Investments LLC raised its stake in Euronet Worldwide by 65.0% during the fourth quarter. LRI Investments LLC now owns 1,536 shares of the business services provider's stock valued at $158,000 after buying an additional 605 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Euronet Worldwide by 99.9% in the first 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 during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Oppenheimer lifted their target price on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research note 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $123.83.

Euronet Worldwide Price Performance

NASDAQ:EEFT traded down $0.66 during midday trading on Monday, hitting $90.50. 763,885 shares of the stock were exchanged, compared to its average volume of 908,041. Euronet Worldwide, Inc. has a one year low of $85.24 and a one year high of $114.25. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 0.73 and a beta of 1.25. The business has a 50-day moving average price of $98.17 and a two-hundred day moving average price of $101.36. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.74.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced 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). 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 for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm earned $2.25 EPS. Euronet Worldwide'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. Sell-side analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

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.