Russell Investments Group Ltd. Has $4.34 Million Holdings in Euronet Worldwide, Inc. $EEFT

Key Points

• Russell Investments Group Ltd. increased its stake in Euronet Worldwide by 13.4%, purchasing an additional 4,789 shares, bringing its total ownership to 40,574 shares valued at approximately $4.3 million.
• Euronet Worldwide reported $2.56 earnings per share for the last quarter, missing estimates of $2.66, while also experiencing an 8.9% year-over-year growth in revenue.
• Brokerage firms have varying ratings for Euronet Worldwide, with one Strong Buy and five Buy ratings, while the average target price is set at $123.83.

Russell Investments Group Ltd. lifted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 40,574 shares of the business services provider's stock after purchasing an additional 4,789 shares during the quarter. Russell Investments Group Ltd. owned 0.09% of Euronet Worldwide worth $4,335,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in EEFT. GAMMA Investing LLC grew 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 worth $21,772,000 after purchasing an additional 202,809 shares during the last quarter. Burgundy Asset Management Ltd. grew 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 worth $112,743,000 after purchasing an additional 190,453 shares during the last quarter. Reinhart Partners LLC. grew 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 worth $78,896,000 after purchasing an additional 111,234 shares during the last quarter. Millennium Management LLC grew 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 worth $31,157,000 after purchasing an additional 95,091 shares during the last quarter. Finally, Public Sector Pension Investment Board bought a new stake in shares of Euronet Worldwide in the 1st quarter worth about $9,962,000. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Price Performance

NASDAQ EEFT traded up $0.10 on Thursday, hitting $94.01. 1,101,413 shares of the company were exchanged, compared to its average volume of 864,825. The firm has a 50 day moving average of $99.53 and a two-hundred day moving average of $101.95. The company has a market cap of $3.85 billion, a P/E ratio of 12.90, a P/E/G ratio of 0.75 and a beta of 1.25. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.74. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $114.25.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the company posted $2.25 earnings per share. The business'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. On average, equities analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analysts Set New Price Targets

Separately, Oppenheimer upped their target price on shares of Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. One 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. Based on data from MarketBeat, the company 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.