Price T Rowe Associates Inc. MD Purchases 15,515 Shares of Euronet Worldwide, Inc. $EEFT

Key Points

• Price T Rowe Associates Inc. MD increased its stake in Euronet Worldwide by 3.3%, acquiring an additional 15,515 shares for a total of 486,426 shares valued at approximately $51.98 million.
• Wall Street analysts are optimistic about Euronet Worldwide, boosting the price target to $137.00 and rating it as "outperform" while maintaining an average price target of $123.83.
• Despite a revenue growth of 8.9% year-over-year, Euronet missed earnings expectations, reporting $2.56 EPS against the consensus estimate of $2.66.

Price T Rowe Associates Inc. MD raised its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 3.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 486,426 shares of the business services provider's stock after acquiring an additional 15,515 shares during the period. Price T Rowe Associates Inc. MD owned approximately 1.13% of Euronet Worldwide worth $51,975,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Euronet Worldwide by 0.3% during the first quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider's stock worth $10,155,000 after acquiring an additional 280 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Euronet Worldwide by 99.9% during the first quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock worth $204,000 after acquiring an additional 953 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Euronet Worldwide by 211.6% during the first quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider's stock worth $213,000 after acquiring an additional 1,352 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Euronet Worldwide by 46.4% during the first quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider's stock worth $504,000 after acquiring an additional 1,496 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Euronet Worldwide during the first quarter worth approximately $1,400,000. Institutional investors own 91.60% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer boosted their price target on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. One investment 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. Based on data from MarketBeat, Euronet Worldwide currently has an average rating of "Moderate Buy" and an average price target of $123.83.

Euronet Worldwide Stock Down 1.3%

Shares of EEFT opened at $94.74 on Wednesday. Euronet Worldwide, Inc. has a one year low of $85.24 and a one year high of $114.25. The company has a market cap of $3.88 billion, a P/E ratio of 13.00, a P/E/G ratio of 0.77 and a beta of 1.25. 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 50 day simple moving average of $99.77 and a two-hundred day simple moving average of $102.03.

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

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.

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