Euronet Worldwide, Inc. $EEFT Shares Bought by Martingale Asset Management L P

Key Points

• Martingale Asset Management L P increased its stake in Euronet Worldwide, Inc. by 18.7%, acquiring an additional 8,974 shares, bringing their total holdings to approximately $6.1 million.
• Euronet Worldwide's recent quarterly earnings report showed an EPS of $2.56, falling short of expectations, with a revenue of $1.07 billion, slightly below analyst estimates.
• Institutional investors hold 91.60% of Euronet Worldwide's stock, reflecting significant interest from various hedge funds and investment firms in the company's shares.

Martingale Asset Management L P boosted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 18.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,985 shares of the business services provider's stock after acquiring an additional 8,974 shares during the period. Martingale Asset Management L P owned 0.13% of Euronet Worldwide worth $6,089,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of EEFT. Blair William & Co. IL raised its holdings in Euronet Worldwide by 2.0% during the 1st quarter. Blair William & Co. IL now owns 5,007 shares of the business services provider's stock valued at $535,000 after buying an additional 100 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Euronet Worldwide by 2.5% in the 1st quarter. State of Alaska Department of Revenue now owns 4,833 shares of the business services provider's stock worth $516,000 after buying an additional 120 shares during the period. Fifth Third Bancorp increased its position in Euronet Worldwide by 6.8% during the 1st quarter. Fifth Third Bancorp now owns 1,929 shares of the business services provider's stock valued at $206,000 after purchasing an additional 123 shares during the period. Oppenheimer Asset Management Inc. increased its position in Euronet Worldwide by 4.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,492 shares of the business services provider's stock valued at $373,000 after purchasing an additional 147 shares during the period. Finally, Vise Technologies Inc. raised its position in shares of Euronet Worldwide by 3.9% in the 4th quarter. Vise Technologies Inc. now owns 4,656 shares of the business services provider's stock worth $479,000 after acquiring an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Euronet Worldwide Price Performance

NASDAQ:EEFT traded up $4.32 during trading hours on Friday, reaching $98.32. 849,725 shares of the company were exchanged, compared to its average volume of 844,913. The stock's 50-day moving average is $100.17 and its 200-day moving average is $102.08. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve month high of $114.25. The firm has a market cap of $4.03 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 0.79 and a beta of 1.25. 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 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). 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 for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company earned $2.25 EPS. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Oppenheimer raised their price target on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. One 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 company. According to MarketBeat, Euronet Worldwide currently has an average rating of "Moderate Buy" and an average 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.