Vanguard Group Inc. Reduces Holdings in Euronet Worldwide, Inc. $EEFT

Key Points

• Vanguard Group Inc. has reduced its stake in Euronet Worldwide by 1.3%, holding 4,138,437 shares valued at approximately $442 million.
• Recent analyst reports reflect mixed sentiments, with some firms lowering their price targets while others maintain or increase their "outperform" ratings for Euronet Worldwide.
• Euronet's stock has had a 12-month low of $85.24 and a high of $114.25, with a recent market capitalization of around $3.93 billion.

Vanguard Group Inc. lessened its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,138,437 shares of the business services provider's stock after selling 53,911 shares during the quarter. Vanguard Group Inc. owned 9.57% of Euronet Worldwide worth $442,192,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EEFT. UMB Bank n.a. boosted its holdings in Euronet Worldwide by 92.3% in the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock worth $48,000 after acquiring an additional 216 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Euronet Worldwide in the first quarter worth about $97,000. LRI Investments LLC raised its stake in shares of Euronet Worldwide by 65.0% in the fourth quarter. LRI Investments LLC now owns 1,536 shares of the business services provider's stock worth $158,000 after purchasing an additional 605 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of 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 during the last quarter. Finally, Retirement Guys Formula LLC purchased a new position in shares of Euronet Worldwide in the first quarter worth about $205,000. Institutional investors and hedge funds own 91.60% of the company's stock.

Euronet Worldwide Price Performance

Shares of EEFT stock traded down $0.06 during trading hours on Wednesday, hitting $95.09. 911,669 shares of the company's stock were exchanged, compared to its average volume of 774,056. 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 market cap of $3.90 billion, a P/E ratio of 13.04, a P/E/G ratio of 0.76 and a beta of 1.25. The firm has a 50 day moving average of $100.72 and a two-hundred day moving average of $102.06. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $114.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share for the quarter, missing the consensus estimate of $2.66 by ($0.10). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.25 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Sell-side analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EEFT. Oppenheimer raised 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. Needham & Company LLC reduced their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Keefe, Bruyette & Woods reduced their price objective on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Finally, William Blair restated an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. One equities research 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. According to data from MarketBeat.com, Euronet Worldwide has an average rating of "Moderate Buy" and an average price target of $123.83.

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.