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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. True North Advisors LLC purchased a new stake in Euronet Worldwide in the first quarter worth $222,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Euronet Worldwide by 10.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,699 shares of the business services provider's stock worth $288,000 after purchasing an additional 264 shares during the period. Blair William & Co. IL grew its stake in Euronet Worldwide by 2.0% in the first quarter. Blair William & Co. IL now owns 5,007 shares of the business services provider's stock worth $535,000 after purchasing an additional 100 shares during the period. Blueshift Asset Management LLC purchased a new stake in Euronet Worldwide in the first quarter worth $597,000. Finally, Jefferies Financial Group Inc. grew its stake in Euronet Worldwide by 11.4% in the first quarter. Jefferies Financial Group Inc. now owns 4,721 shares of the business services provider's stock worth $504,000 after purchasing an additional 484 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Up 4.6%

Shares of NASDAQ EEFT traded up $4.32 during trading on Friday, reaching $98.32. The company had a trading volume of 849,725 shares, compared to its average volume of 814,734. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $114.25. The stock has a market cap of $4.03 billion, a PE ratio of 13.49, a P/E/G ratio of 0.79 and a beta of 1.25. The business's 50-day moving average is $100.17 and its 200 day moving average is $102.05. 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 (NASDAQ:EEFT - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $2.56 EPS for the quarter, missing analysts' consensus estimates of $2.66 by ($0.10). Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The company 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 posted $2.25 earnings per share. The company's revenue was up 8.9% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, equities analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Oppenheimer upped their price target 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 equities 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. Based on data from MarketBeat.com, Euronet Worldwide presently has an average 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.