Hsbc Holdings PLC Trims Position in Euronet Worldwide, Inc. $EEFT

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 reduced its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 83.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,085 shares of the business services provider's stock after selling 10,364 shares during the quarter. Hsbc Holdings PLC's holdings in Euronet Worldwide were worth $223,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EEFT. Northern Trust Corp grew its position in shares of Euronet Worldwide by 18.7% in the 4th quarter. Northern Trust Corp now owns 347,951 shares of the business services provider's stock worth $35,783,000 after buying an additional 54,839 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Euronet Worldwide by 24.8% in 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 buying an additional 1,989 shares during the last quarter. Captrust Financial Advisors grew 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 worth $853,000 after buying an additional 311 shares during the last quarter. EP Wealth Advisors LLC grew its position in shares of Euronet Worldwide by 18.4% in the 4th quarter. EP Wealth Advisors LLC now owns 2,532 shares of the business services provider's stock worth $260,000 after buying an additional 393 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of Euronet Worldwide by 65.0% in the 4th quarter. Deutsche Bank AG now owns 5,643 shares of the business services provider's stock worth $580,000 after buying an additional 2,223 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Stock Up 1.6%

EEFT traded up $1.43 during trading on Thursday, reaching $91.34. The stock had a trading volume of 490,761 shares, compared to its average volume of 940,389. The stock's 50 day moving average is $97.29 and its two-hundred day moving average is $101.14. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 0.72 and a beta of 1.25. Euronet Worldwide, Inc. has a one year low of $85.24 and a one year high of $114.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The business services provider reported $2.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.66 by ($0.10). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.Euronet Worldwide's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analyst Ratings Changes

Separately, Oppenheimer lifted their price objective 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 research 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.