Invesco Ltd. Buys 62,818 Shares of Euronet Worldwide, Inc. $EEFT

Key Points

• Invesco Ltd. increased its stake in Euronet Worldwide by 50.9%, acquiring an additional 62,818 shares to reach a total of 186,204 shares, valued at approximately $19.9 million.
• Wall Street analysts show a mix of ratings for Euronet Worldwide, with one Strong Buy, five Buy ratings, and two Hold ratings, while the consensus price target is $123.83.
• Euronet Worldwide reported earnings of $2.56 per share for the last quarter, missing expectations, and has set FY 2025 EPS guidance between 9.640 and 9.990.

Invesco Ltd. increased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 50.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,204 shares of the business services provider's stock after purchasing an additional 62,818 shares during the quarter. Invesco Ltd. owned approximately 0.43% of Euronet Worldwide worth $19,896,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. grew its position in shares of Euronet Worldwide by 92.3% during the first 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 in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Euronet Worldwide during the first quarter worth about $97,000. LRI Investments LLC grew its position in shares of Euronet Worldwide by 65.0% during the fourth quarter. LRI Investments LLC now owns 1,536 shares of the business services provider's stock worth $158,000 after purchasing an additional 605 shares in the last quarter. GAMMA Investing LLC grew its holdings in Euronet Worldwide by 99.9% during the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock valued at $204,000 after buying an additional 953 shares in the last quarter. Finally, Retirement Guys Formula LLC purchased a new position in Euronet Worldwide during the 1st quarter valued at approximately $205,000. Hedge funds and other institutional investors own 91.60% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer raised 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. 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. According to data from MarketBeat, Euronet Worldwide has a consensus rating of "Moderate Buy" and an average price target of $123.83.

Euronet Worldwide Price Performance

NASDAQ EEFT traded down $0.83 during trading on Wednesday, hitting $93.91. 947,548 shares of the stock traded hands, compared to its average volume of 850,809. The company has a market capitalization of $3.85 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The firm has a 50-day simple moving average of $99.65 and a 200-day simple moving average of $101.97. 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.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $1.07 billion for 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 business's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current 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.