Moran Wealth Management LLC Cuts Stock Position in Euronet Worldwide, Inc. $EEFT

Key Points

• Moran Wealth Management LLC reduced its stake in Euronet Worldwide by 7.7% during the 2nd quarter, now owning approximately $4.1 million in shares.
• Analysts have mixed views on Euronet, with recommendations ranging from a "buy" rating to a "market perform," and a consensus price target set at $121.17.
• Euronet Worldwide's stock has seen fluctuations, recently up by 5.6%, with a current price of $87.71 and a market capitalization of $3.60 billion.

Moran Wealth Management LLC lessened its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 7.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,531 shares of the business services provider's stock after selling 3,369 shares during the period. Moran Wealth Management LLC owned 0.09% of Euronet Worldwide worth $4,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elequin Capital LP purchased a new position in Euronet Worldwide in the first quarter valued at about $30,000. Geneos Wealth Management Inc. boosted its holdings in Euronet Worldwide by 48.4% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider's stock worth $36,000 after acquiring an additional 109 shares in the last quarter. Atwood & Palmer Inc. boosted its holdings in Euronet Worldwide by 43.7% in the second quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider's stock worth $44,000 after acquiring an additional 131 shares in the last quarter. UMB Bank n.a. boosted its holdings in Euronet Worldwide by 46.2% in the second quarter. UMB Bank n.a. now owns 658 shares of the business services provider's stock worth $67,000 after acquiring an additional 208 shares in the last quarter. Finally, LRI Investments LLC boosted its holdings in Euronet Worldwide by 26.7% in the second quarter. LRI Investments LLC now owns 1,540 shares of the business services provider's stock worth $156,000 after acquiring an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Analyst Ratings Changes

EEFT has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered their price target on Euronet Worldwide from $110.00 to $100.00 and set a "market perform" rating for the company in a report on Wednesday, October 1st. DA Davidson reissued a "buy" rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday, September 12th. Weiss Ratings reissued a "hold (c)" rating on shares of Euronet Worldwide in a report on Wednesday, October 8th. Finally, 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 three have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $121.17.

Euronet Worldwide Trading Up 5.6%

Euronet Worldwide stock opened at $87.71 on Wednesday. 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, Inc. has a 52 week low of $82.18 and a 52 week high of $114.25. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 0.67 and a beta of 1.21. The stock has a 50-day moving average price of $90.89 and a 200 day moving average price of $98.64.

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 firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the firm earned $2.25 EPS. The company's revenue for the quarter 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. Sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS 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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