Versor Investments LP Reduces 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 lowered its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 52.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently 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 purchasing an additional 216 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Euronet Worldwide during the 1st quarter valued at $97,000. LRI Investments LLC grew its position in shares of Euronet Worldwide by 65.0% during the 4th quarter. LRI Investments LLC now owns 1,536 shares of the business services provider's stock valued at $158,000 after acquiring an additional 605 shares during the period. GAMMA Investing LLC grew its position in shares of Euronet Worldwide by 99.9% during the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock valued at $204,000 after acquiring an additional 953 shares during the period. Finally, Retirement Guys Formula LLC bought a new stake in shares of Euronet Worldwide during the 1st quarter valued at $205,000. Hedge funds and other institutional investors own 91.60% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer increased their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $123.83.

Euronet Worldwide Stock Up 4.6%

EEFT stock traded up $4.32 during trading on Friday, hitting $98.32. 849,725 shares of the company's stock traded hands, compared to its average volume of 844,913. The firm has a market capitalization of $4.03 billion, a P/E ratio of 13.49, a PEG ratio of 0.79 and a beta of 1.25. The business has a fifty day simple moving average of $100.17 and a two-hundred day simple moving average of $102.08. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.74. 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 released its quarterly 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). Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the prior year, the firm posted $2.25 earnings per share. Euronet Worldwide's revenue for the quarter was up 8.9% compared to the same quarter last year. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Euronet Worldwide 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.