Ieq Capital LLC Raises Holdings in Euronet Worldwide, Inc. $EEFT

Key Points

• Ieq Capital LLC significantly increased its stake in Euronet Worldwide by 559% during the first quarter, owning over $2.4 million in shares.
• Other institutional investors like GAMMA Investing LLC and Voss Capital LP also made substantial increases in holdings, contributing to institutional ownership rising to 91.60% of the company's stock.
• Euronet Worldwide reported earnings of $2.56 per share for the last quarter, which missed analysts' expectations, while also projecting future earnings guidance between 9.640-9.990 EPS for FY 2025.

Ieq Capital LLC lifted its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 559.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,695 shares of the business services provider's stock after purchasing an additional 19,251 shares during the quarter. Ieq Capital LLC owned about 0.05% of Euronet Worldwide worth $2,425,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp raised its position in Euronet Worldwide by 5.6% during the 4th quarter. Stifel Financial Corp now owns 12,385 shares of the business services provider's stock valued at $1,274,000 after purchasing an additional 656 shares in the last quarter. Northern Trust Corp grew its stake in Euronet Worldwide by 18.7% during the 4th quarter. Northern Trust Corp now owns 347,951 shares of the business services provider's stock valued at $35,783,000 after purchasing an additional 54,839 shares during the last quarter. AQR Capital Management LLC grew its stake in Euronet Worldwide by 12.0% during the 4th quarter. AQR Capital Management LLC now owns 278,663 shares of the business services provider's stock valued at $28,658,000 after purchasing an additional 29,761 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Euronet Worldwide by 24.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 10,012 shares of the business services provider's stock valued at $1,030,000 after purchasing an additional 1,989 shares during the last quarter. Finally, Algert Global LLC grew its stake in Euronet Worldwide by 57.2% during the 4th quarter. Algert Global LLC now owns 135,903 shares of the business services provider's stock valued at $13,976,000 after purchasing an additional 49,434 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer upped their target price on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $123.83.

Euronet Worldwide Trading Up 0.3%

Shares of EEFT traded up $0.29 during midday trading on Friday, hitting $91.16. 701,364 shares of the stock were exchanged, compared to its average volume of 891,236. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $114.25. The stock has a fifty day simple moving average of $98.38 and a 200 day simple moving average of $101.47. The firm has a market cap of $3.74 billion, a P/E ratio of 12.50, a P/E/G ratio of 0.73 and a beta of 1.25. 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 earnings results 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 company had revenue of $1.07 billion during 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 company's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $2.25 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, research analysts anticipate 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.