Martingale Asset Management L P Has $6.09 Million Stock Holdings in Euronet Worldwide, Inc. $EEFT

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 increased its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 18.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 approximately 0.13% of Euronet Worldwide worth $6,089,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Euronet Worldwide by 0.3% in the first quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider's stock valued at $10,155,000 after acquiring an additional 280 shares in the last quarter. GAMMA Investing LLC raised its stake in Euronet Worldwide by 99.9% in the first 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. Asset Management One Co. Ltd. raised its stake in Euronet Worldwide by 211.6% in the first quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider's stock valued at $213,000 after buying an additional 1,352 shares in the last quarter. SG Americas Securities LLC raised its stake in Euronet Worldwide by 46.4% in the first quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider's stock valued at $504,000 after buying an additional 1,496 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Euronet Worldwide during the first quarter worth about $1,400,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Trading Down 0.4%

NASDAQ EEFT traded down $0.35 on Wednesday, hitting $94.40. 180,450 shares of the stock were exchanged, compared to its average volume of 475,679. The company's 50-day moving average price is $99.77 and its two-hundred day moving average price is $102.03. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 0.77 and a beta of 1.25. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $114.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share 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 firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm earned $2.25 EPS. The firm'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. Research analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analysts Set New Price Targets

Separately, Oppenheimer boosted their target price on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One 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.com, the company 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.