Kodai Capital Management LP Lowers Holdings in Euronet Worldwide, Inc. $EEFT

Key Points

• Kodai Capital Management LP reduced its holding in Euronet Worldwide by 31.2%, owning 55,316 shares valued at approximately $5.9 million after selling 25,049 shares in the first quarter.
• Euronet Worldwide's latest earnings report showed a missed consensus estimate with earnings per share of $2.56, below the expected $2.66, despite a year-over-year revenue increase of 8.9%.
• Analysts have a moderate buy rating for Euronet Worldwide, with an average target price of $123.83, while Oppenheimer recently raised its price target to $137.00.

Kodai Capital Management LP decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 31.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,316 shares of the business services provider's stock after selling 25,049 shares during the quarter. Kodai Capital Management LP owned 0.13% of Euronet Worldwide worth $5,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in EEFT. GAMMA Investing LLC increased its stake in Euronet Worldwide by 21,258.8% in the 1st quarter. GAMMA Investing LLC now owns 203,763 shares of the business services provider's stock worth $21,772,000 after acquiring an additional 202,809 shares during the last quarter. Voss Capital LP boosted its holdings in shares of Euronet Worldwide by 30.9% in the 1st quarter. Voss Capital LP now owns 824,589 shares of the business services provider's stock worth $88,107,000 after purchasing an additional 194,589 shares during the period. Burgundy Asset Management Ltd. boosted its holdings in shares of Euronet Worldwide by 21.0% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider's stock worth $112,743,000 after purchasing an additional 190,453 shares during the period. Reinhart Partners LLC. boosted its holdings in shares of Euronet Worldwide by 17.7% in the 1st quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider's stock worth $78,896,000 after purchasing an additional 111,234 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Euronet Worldwide by 45.7% in the 4th quarter. Millennium Management LLC now owns 302,967 shares of the business services provider's stock worth $31,157,000 after purchasing an additional 95,091 shares during the period. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Stock Performance

Euronet Worldwide stock traded down $0.39 during trading hours on Wednesday, hitting $90.85. 277,449 shares of the stock traded hands, compared to its average volume of 486,656. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15. The firm's 50 day moving average price is $99.03 and its 200-day moving average price is $101.82. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 0.75 and a beta of 1.25. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $114.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted 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 firm's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, equities analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.