Versor Investments LP Lowers Stock Holdings in Euronet Worldwide, Inc. $EEFT

Key Points

• Versor Investments LP reduced its stake in Euronet Worldwide, Inc. by 52.9%, bringing its ownership to 2,832 shares worth approximately $303,000 according to a recent SEC filing.
• GAMMA Investing LLC significantly increased its position in Euronet Worldwide by 21,258.8%, acquiring an additional 202,809 shares, highlighting continued interest from large investors.
• Analysts have issued mixed ratings on Euronet Worldwide, with one Strong Buy, five Buy ratings, and price targets ranging from $110.00 to $137.00, reflecting varied market sentiment on the company's future performance.

Versor Investments LP decreased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 52.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,832 shares of the business services provider's stock after selling 3,181 shares during the quarter. Versor Investments LP's holdings in Euronet Worldwide were worth $303,000 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 bought and sold shares of the business. Burgundy Asset Management Ltd. boosted its position in shares of Euronet Worldwide by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 1,171,426 shares of the business services provider's stock valued at $125,167,000 after acquiring an additional 75,126 shares during the period. Algert Global LLC boosted its position in shares of Euronet Worldwide by 12.3% in the first quarter. Algert Global LLC now owns 152,573 shares of the business services provider's stock valued at $16,302,000 after acquiring an additional 16,670 shares during the period. Value Holdings Management CO. LLC increased its holdings in shares of Euronet Worldwide by 8.1% in the first quarter. Value Holdings Management CO. LLC now owns 62,523 shares of the business services provider's stock worth $6,681,000 after purchasing an additional 4,700 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Euronet Worldwide by 13.4% in the first quarter. Russell Investments Group Ltd. now owns 40,574 shares of the business services provider's stock worth $4,335,000 after purchasing an additional 4,789 shares during the period. Finally, Public Sector Pension Investment Board bought a new position in Euronet Worldwide in the 1st quarter worth about $9,962,000. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Trading Down 0.9%

Shares of Euronet Worldwide stock traded down $0.83 during trading on Wednesday, reaching $93.91. 947,548 shares of the stock were exchanged, compared to its average volume of 850,809. 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 stock's fifty day moving average is $99.65 and its 200 day moving average is $101.97. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 0.76 and a beta of 1.25. 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 issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $2.56 EPS for the quarter, missing the consensus estimate of $2.66 by ($0.10). Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter last year, the business earned $2.25 earnings per share. The business's quarterly revenue was up 8.9% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, equities research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Oppenheimer upped 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 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's stock. Based on data from MarketBeat, the company 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.