Reinhart Partners LLC. Increases Position in Euronet Worldwide, Inc. $EEFT

Key Points

• Reinhart Partners LLC increased its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 21.6%, purchasing an additional 159,527 shares during the second quarter, now holding a total of 897,910 shares.
• Euronet Worldwide's stock has experienced a 0.2% decline, with shares currently priced at $89.30 and a market capitalization of $3.66 billion.
• The company reported quarterly earnings of $2.56 per share, missing analyst estimates, with total revenue of $1.07 billion, which resulted in an 8.9% year-over-year revenue increase.

Reinhart Partners LLC. increased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 21.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 897,910 shares of the business services provider's stock after purchasing an additional 159,527 shares during the quarter. Euronet Worldwide makes up about 3.1% of Reinhart Partners LLC.'s portfolio, making the stock its 12th biggest position. Reinhart Partners LLC. owned approximately 2.08% of Euronet Worldwide worth $91,032,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pallas Capital Advisors LLC boosted its position in Euronet Worldwide by 123.7% during the 2nd quarter. Pallas Capital Advisors LLC now owns 7,895 shares of the business services provider's stock valued at $800,000 after acquiring an additional 4,365 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Euronet Worldwide by 25.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 89,380 shares of the business services provider's stock valued at $9,061,000 after acquiring an additional 18,133 shares in the last quarter. Atwood & Palmer Inc. boosted its position in Euronet Worldwide by 43.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider's stock valued at $44,000 after acquiring an additional 131 shares in the last quarter. Fiduciary Financial Group LLC boosted its position in Euronet Worldwide by 5.1% during the 2nd quarter. Fiduciary Financial Group LLC now owns 2,455 shares of the business services provider's stock valued at $255,000 after acquiring an additional 120 shares in the last quarter. Finally, Strs Ohio bought a new stake in Euronet Worldwide during the 1st quarter valued at $1,122,000. Institutional investors own 91.60% of the company's stock.

Wall Street Analysts Forecast Growth

EEFT has been the topic of several recent research reports. DA Davidson reaffirmed a "buy" rating and set a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, September 12th. Oppenheimer raised their target price on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research note 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 given a Hold rating to the company's stock. According to MarketBeat.com, Euronet Worldwide presently has an average rating of "Moderate Buy" and a consensus price target of $122.83.

Euronet Worldwide Price Performance

EEFT traded down $0.01 during trading on Friday, reaching $89.21. The company's stock had a trading volume of 1,868,183 shares, compared to its average volume of 772,286. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $95.29 and a two-hundred day simple moving average of $100.70. Euronet Worldwide, Inc. has a 1 year low of $85.24 and a 1 year high of $114.25. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 0.72 and a beta of 1.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share 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 business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period last year, the business earned $2.25 earnings per share. 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. As a group, analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

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.