Strs Ohio Makes New Investment in Euronet Worldwide, Inc. $EEFT

Key Points

• Strs Ohio has made a new investment in Euronet Worldwide, Inc. by acquiring 10,497 shares valued at approximately $1,122,000 during the first quarter.
• The company reported a quarterly earnings per share (EPS) of $2.56, which missed analysts' expectations, despite an 8.9% increase in revenue year-over-year, totaling $1.07 billion.
• Analysts have a consensus rating of "Moderate Buy" for Euronet Worldwide, with a price target of $122.83, following recent upgrades to target prices from various firms.

Strs Ohio bought a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,497 shares of the business services provider's stock, valued at approximately $1,122,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EEFT. AQR Capital Management LLC raised its holdings in Euronet Worldwide by 102.5% in the first quarter. AQR Capital Management LLC now owns 564,227 shares of the business services provider's stock worth $59,388,000 after purchasing an additional 285,564 shares during the period. 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 valued at $21,772,000 after buying an additional 202,809 shares during the period. Voss Capital LP increased its position 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 in the last quarter. Burgundy Asset Management Ltd. raised its stake in Euronet Worldwide by 21.0% during 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 buying an additional 190,453 shares during the period. Finally, Reinhart Partners LLC. lifted its holdings in Euronet Worldwide by 17.7% during the first quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider's stock worth $78,896,000 after acquiring an additional 111,234 shares in the last quarter. Institutional investors own 91.60% of the company's stock.

Analyst Upgrades and Downgrades

EEFT has been the subject of several recent analyst reports. DA Davidson restated a "buy" rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday, September 12th. Oppenheimer increased 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 investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.83.

Euronet Worldwide Stock Down 0.0%

Euronet Worldwide stock traded down $0.02 during mid-day trading on Monday, reaching $89.19. The company's stock had a trading volume of 1,103,782 shares, compared to its average volume of 823,208. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 0.72 and a beta of 1.25. Euronet Worldwide, Inc. has a 12 month low of $85.24 and a 12 month high of $114.25. The business's 50 day simple moving average is $95.02 and its 200 day simple moving average is $100.65. 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 (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). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. Euronet Worldwide's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current 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.