Nuveen LLC Makes New $9.57 Million Investment in Euronet Worldwide, Inc. $EEFT

Key Points

• Nuveen LLC recently acquired a new position in Euronet Worldwide, purchasing 89,521 shares valued at approximately $9.56 million, which represents about 0.21% of the company.
• Analysts have responded positively, with Oppenheimer raising its price target on Euronet Worldwide from $135.00 to $137.00 and giving the stock an "outperform" rating.
• Despite a quarterly earnings miss, Euronet Worldwide reported an 8.9% year-over-year revenue increase and has set a favorable earnings guidance for FY 2025 with expectations of 9.640-9.990 EPS.

Nuveen LLC purchased a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 89,521 shares of the business services provider's stock, valued at approximately $9,565,000. Nuveen LLC owned 0.21% of Euronet Worldwide at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Janus Henderson Group PLC increased its holdings in shares of Euronet Worldwide by 1.5% in the 4th quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider's stock valued at $142,575,000 after acquiring an additional 20,805 shares during the period. Burgundy Asset Management Ltd. boosted its position in shares of Euronet Worldwide by 21.0% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider's stock worth $112,743,000 after purchasing an additional 190,453 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Euronet Worldwide by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock worth $84,512,000 after purchasing an additional 24,569 shares in the last quarter. Reinhart Partners LLC. boosted its position in shares of Euronet Worldwide by 17.7% in the 1st quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider's stock worth $78,896,000 after purchasing an additional 111,234 shares in the last quarter. Finally, New South Capital Management Inc. boosted its position in shares of Euronet Worldwide by 5.9% in the 1st quarter. New South Capital Management Inc. now owns 647,810 shares of the business services provider's stock worth $69,218,000 after purchasing an additional 36,267 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Performance

EEFT traded down $0.47 on Friday, reaching $93.54. 47,865 shares of the stock were exchanged, compared to its average volume of 481,581. The company's 50-day moving average price is $99.53 and its 200 day moving average price is $101.95. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two 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. The firm has a market capitalization of $3.83 billion, a PE ratio of 12.83, a PEG ratio of 0.75 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly 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 in the prior year, the firm posted $2.25 EPS. The business's 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. As a group, sell-side analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Oppenheimer raised their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. One research 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.com, Euronet Worldwide presently has an average rating of "Moderate Buy" and a consensus target price of $123.83.

Euronet Worldwide 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.