Lecap Asset Management Ltd. Acquires New Stake in Euronet Worldwide, Inc. $EEFT

Key Points

• Lecap Asset Management Ltd. has acquired a new stake in Euronet Worldwide, Inc. during the second quarter, purchasing 4,421 shares valued at approximately $448,000.
• Institutional investors have significantly increased their holdings in Euronet Worldwide, with Janney Montgomery Scott LLC raising its position by 140.6% to own over 24,000 shares.
• Euronet Worldwide reported a miss in quarterly earnings with $2.56 EPS against an expected $2.66, along with $1.07 billion in revenue compared to a consensus estimate of $1.08 billion.

Lecap Asset Management Ltd. acquired a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,421 shares of the business services provider's stock, valued at approximately $448,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Janney Montgomery Scott LLC raised its position in shares of Euronet Worldwide by 140.6% in the second quarter. Janney Montgomery Scott LLC now owns 24,091 shares of the business services provider's stock worth $2,442,000 after buying an additional 14,080 shares in the last quarter. CX Institutional raised its position in shares of Euronet Worldwide by 97.6% in the second quarter. CX Institutional now owns 62,988 shares of the business services provider's stock worth $6,386,000 after buying an additional 31,112 shares in the last quarter. Oliver Luxxe Assets LLC raised its position in shares of Euronet Worldwide by 1.0% in the second quarter. Oliver Luxxe Assets LLC now owns 19,867 shares of the business services provider's stock worth $2,014,000 after buying an additional 190 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Euronet Worldwide by 40.5% in the second quarter. GAMMA Investing LLC now owns 2,680 shares of the business services provider's stock worth $272,000 after buying an additional 773 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its position in shares of Euronet Worldwide by 16.3% in the second quarter. Wedge Capital Management L L P NC now owns 23,343 shares of the business services provider's stock worth $2,367,000 after buying an additional 3,270 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Euronet Worldwide in a research note on Saturday, September 27th. DA Davidson reissued a "buy" rating and issued a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, September 12th. Oppenheimer increased their target price on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods reduced their target price on Euronet Worldwide from $110.00 to $100.00 and set a "market perform" rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Euronet Worldwide currently has a consensus rating of "Moderate Buy" and an average price target of $121.17.

Euronet Worldwide Stock Down 0.0%

Shares of NASDAQ:EEFT opened at $88.03 on Friday. The stock's 50-day moving average price is $92.51 and its 200-day moving average price is $99.80. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $114.25. The stock has a market capitalization of $3.61 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.74.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced 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). Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the business posted $2.25 earnings per share. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Euronet Worldwide Company 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.

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