Perbak Capital Partners LLP Takes Position in Euronet Worldwide, Inc. $EEFT

Key Points

• Perbak Capital Partners LLP invested $366,000 in Euronet Worldwide, Inc. by acquiring 3,423 shares in the first quarter.
• Major institutional investors like Janus Henderson Group and Burgundy Asset Management have also increased their stakes in Euronet Worldwide, indicating strong institutional interest in the company.
• Euronet's latest earnings report showed a net margin of 8.06% with an earnings per share (EPS) of $2.56, which fell short of the consensus estimate of $2.66.

Perbak Capital Partners LLP acquired a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,423 shares of the business services provider's stock, valued at approximately $366,000.

Several other institutional investors and hedge funds have also modified their holdings of EEFT. GAMMA Investing LLC lifted its holdings in shares of Euronet Worldwide by 21,258.8% in the 1st quarter. GAMMA Investing LLC now owns 203,763 shares of the business services provider's stock valued at $21,772,000 after buying an additional 202,809 shares during the period. Voss Capital LP lifted its holdings in shares of Euronet Worldwide by 30.9% in the 1st quarter. Voss Capital LP now owns 824,589 shares of the business services provider's stock valued at $88,107,000 after buying an additional 194,589 shares during the period. Burgundy Asset Management Ltd. lifted its holdings 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 valued at $112,743,000 after buying an additional 190,453 shares during the period. Reinhart Partners LLC. lifted its holdings 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 valued at $78,896,000 after buying an additional 111,234 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Euronet Worldwide by 45.7% in the 4th quarter. Millennium Management LLC now owns 302,967 shares of the business services provider's stock valued at $31,157,000 after buying an additional 95,091 shares during the period. Institutional investors and hedge funds own 91.60% of the company's stock.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock traded up $0.29 on Friday, hitting $91.16. The company's stock had a trading volume of 701,364 shares, compared to its average volume of 908,041. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.15. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $114.25. The firm has a fifty day moving average price of $98.38 and a 200-day moving average price of $101.44. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 0.73 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced 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 net margin of 8.06% and a return on equity of 26.62%. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. Euronet Worldwide'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. As a group, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Oppenheimer boosted their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.