Trexquant Investment LP Decreases Position in Euronet Worldwide, Inc. $EEFT

Key Points

• Trexquant Investment LP has significantly reduced its holdings in Euronet Worldwide, Inc. by 77.6%, now owning approximately 31,897 shares worth $3.41 million.
• GAMMA Investing LLC has notably increased its stake in Euronet Worldwide by 21,258.8%, acquiring a total of 203,763 shares valued at $21.77 million.
• Euronet Worldwide reported a quarterly EPS of $2.56, missing the consensus estimate of $2.66, while its revenue was reported at $1.07 billion, slightly below analyst expectations of $1.08 billion.

Trexquant Investment LP decreased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 77.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,897 shares of the business services provider's stock after selling 110,431 shares during the quarter. Trexquant Investment LP owned 0.07% of Euronet Worldwide worth $3,408,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in Euronet Worldwide by 0.3% in the first quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider's stock worth $10,155,000 after purchasing an additional 280 shares in the last quarter. GAMMA Investing LLC grew its stake in Euronet Worldwide by 99.9% in the first quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock worth $204,000 after purchasing an additional 953 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Euronet Worldwide by 211.6% in the first quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider's stock worth $213,000 after purchasing an additional 1,352 shares in the last quarter. SG Americas Securities LLC grew its stake in Euronet Worldwide by 46.4% in the first quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider's stock worth $504,000 after purchasing an additional 1,496 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Euronet Worldwide in the first quarter worth approximately $1,400,000. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Stock Up 0.3%

Euronet Worldwide stock traded up $0.29 during mid-day trading on Friday, reaching $91.16. 701,364 shares of the company were exchanged, compared to its average volume of 891,236. The business has a fifty day moving average of $98.38 and a 200 day moving average of $101.47. 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 firm has a market cap of $3.74 billion, a P/E ratio of 12.50, a PEG ratio of 0.73 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.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted 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). The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.08 billion. Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The firm's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Oppenheimer increased their price objective 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 given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $123.83.

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.