Swiss National Bank Reduces Stock Holdings in Euronet Worldwide, Inc. $EEFT

Key Points

• The Swiss National Bank reduced its stake in Euronet Worldwide, Inc. by 3.7%, selling 3,100 shares, and now holds a total of 80,900 shares valued at approximately $8.6 million.
• Various institutional investors have increased their positions, with Burgundy Asset Management boosting its holdings by 21% and Janus Henderson Group by 1.5% in the fourth quarter.
• Euronet Worldwide reported earnings per share of $2.56 for the last quarter, missing estimates, despite an 8.9% increase in revenue year-over-year.

Swiss National Bank trimmed its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 3.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,900 shares of the business services provider's stock after selling 3,100 shares during the quarter. Swiss National Bank owned about 0.19% of Euronet Worldwide worth $8,644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EEFT. UMB Bank n.a. increased its position in Euronet Worldwide by 92.3% in the 1st quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock valued at $48,000 after buying an additional 216 shares in the last quarter. Versant Capital Management Inc bought a new stake in Euronet Worldwide in the 1st quarter valued at about $97,000. LRI Investments LLC increased its position in Euronet Worldwide by 65.0% in the 4th quarter. LRI Investments LLC now owns 1,536 shares of the business services provider's stock valued at $158,000 after buying an additional 605 shares in the last quarter. GAMMA Investing LLC increased its position in Euronet Worldwide by 99.9% in the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock valued at $204,000 after buying an additional 953 shares in the last quarter. Finally, Retirement Guys Formula LLC bought a new stake in Euronet Worldwide in the 1st quarter valued at about $205,000. 91.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

EEFT has been the subject of a number of research analyst reports. Needham & Company LLC decreased their target price on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Keefe, Bruyette & Woods decreased their target price on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research report on Friday, April 25th. Oppenheimer boosted their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Finally, William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $123.83.

Euronet Worldwide Stock Down 1.1%

EEFT traded down $1.09 during midday trading on Thursday, reaching $94.00. 616,511 shares of the company were exchanged, compared to its average volume of 803,021. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.15. The company's fifty day moving average price is $100.35 and its 200 day moving average price is $102.04. Euronet Worldwide, Inc. has a one year low of $85.24 and a one 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 the consensus estimate of $2.66 by ($0.10). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The business's revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.25 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

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.