Villere ST Denis J & Co. LLC Sells 5,852 Shares of Euronet Worldwide, Inc. $EEFT

Key Points

• Villere ST Denis J & Co. LLC has reduced its stake in Euronet Worldwide by 2.2%, selling 5,852 shares and retaining 266,065 shares, which constitutes about 0.62% of the company.
• Euronet Worldwide's quarterly earnings fell short of expectations, reporting $2.56 EPS against a forecast of $2.66 EPS, alongside revenues of $1.07 billion compared to expectations of $1.08 billion.
• Analyst positions on Euronet Worldwide vary, with consensus ratings indicating a "Moderate Buy" and a target price of $121.17, reflecting diverse outlooks on the stock's potential.

Villere ST Denis J & Co. LLC trimmed its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 266,065 shares of the business services provider's stock after selling 5,852 shares during the quarter. Euronet Worldwide makes up approximately 2.6% of Villere ST Denis J & Co. LLC's holdings, making the stock its 17th largest position. Villere ST Denis J & Co. LLC owned 0.62% of Euronet Worldwide worth $26,974,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EEFT. AQR Capital Management LLC boosted its position in Euronet Worldwide by 102.5% during the 1st quarter. AQR Capital Management LLC now owns 564,227 shares of the business services provider's stock valued at $59,388,000 after acquiring an additional 285,564 shares in the last quarter. Voss Capital LP boosted its position in Euronet Worldwide by 30.9% during the 1st quarter. Voss Capital LP now owns 824,589 shares of the business services provider's stock valued at $88,107,000 after acquiring an additional 194,589 shares in the last quarter. Reinhart Partners LLC. boosted its position in Euronet Worldwide by 21.6% during the 2nd quarter. Reinhart Partners LLC. now owns 897,910 shares of the business services provider's stock valued at $91,032,000 after acquiring an additional 159,527 shares in the last quarter. Public Sector Pension Investment Board bought a new stake in Euronet Worldwide during the 1st quarter valued at approximately $9,962,000. Finally, Goldman Sachs Group Inc. boosted its position in Euronet Worldwide by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 628,384 shares of the business services provider's stock valued at $67,143,000 after acquiring an additional 91,348 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $83.11 on Friday. The company has a 50 day moving average of $91.21 and a 200 day moving average of $99.03. 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 twelve month low of $82.72 and a twelve month high of $114.25. The firm has a market cap of $3.41 billion, a P/E ratio of 11.40, a PEG ratio of 0.69 and a beta of 1.21.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly 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 during 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 revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, research analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the company. Oppenheimer lifted their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods dropped their price target on Euronet Worldwide from $110.00 to $100.00 and set a "market perform" rating on the stock in a research report on Wednesday, October 1st. DA Davidson reissued a "buy" rating and issued a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, September 12th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Euronet Worldwide in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Euronet Worldwide presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.17.

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.

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