National Bank of Canada FI Has $245,000 Stock Holdings in Euronet Worldwide, Inc. $EEFT

Key Points

• National Bank of Canada FI significantly reduced its stake in Euronet Worldwide by 93.8%, leaving it with only 2,287 shares valued at approximately $245,000.
• Euronet Worldwide reported a missed earnings estimate with $2.56 per share for the last quarter, falling short of the expected $2.66, though it posted an 8.9% year-over-year revenue increase.
• Analysts have mixed views on Euronet Worldwide, with a consensus rating of "Moderate Buy" and a target price of $123.83 despite some lowered price targets from various brokerages.

National Bank of Canada FI cut its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 93.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,287 shares of the business services provider's stock after selling 34,744 shares during the period. National Bank of Canada FI's holdings in Euronet Worldwide were worth $245,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Euronet Worldwide by 10.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,699 shares of the business services provider's stock valued at $288,000 after buying an additional 264 shares during the period. Blair William & Co. IL raised its stake in Euronet Worldwide by 2.0% in the first 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. Blueshift Asset Management LLC bought a new stake in Euronet Worldwide in the first quarter valued at approximately $597,000. Jefferies Financial Group Inc. raised its stake in Euronet Worldwide by 11.4% in the first quarter. Jefferies Financial Group Inc. now owns 4,721 shares of the business services provider's stock valued at $504,000 after buying an additional 484 shares during the period. Finally, Nicolet Advisory Services LLC bought a new stake in Euronet Worldwide in the first quarter valued at approximately $235,000. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Price Performance

Euronet Worldwide stock traded up $4.04 during mid-day trading on Friday, reaching $98.04. 199,313 shares of the company were exchanged, compared to its average volume of 472,527. The company has a fifty day simple moving average of $100.35 and a 200-day simple moving average of $102.04. Euronet Worldwide, Inc. has a 12 month low of $85.24 and a 12 month 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. The firm has a market cap of $4.02 billion, a PE ratio of 13.41, a PEG ratio of 0.76 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the business earned $2.25 EPS. Euronet Worldwide'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. As a group, equities research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

EEFT has been the topic of several research analyst reports. Oppenheimer upped their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods dropped their price objective on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research note on Friday, April 25th. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Finally, Needham & Company LLC lowered their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.83.

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.