Euronet Worldwide, Inc. $EEFT Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC significantly reduced its position in Euronet Worldwide, Inc., selling 61 million shares and holding only 83,975 shares worth approximately $8.97 million by the end of the first quarter.
• Other institutional investors, including Burgundy Asset Management and Voss Capital, have increased their stakes in Euronet Worldwide, reflecting a trend of positive sentiment among institutional investors.
• Euronet Worldwide reported a missed EPS estimate of $2.56 for the quarter, lower than the consensus estimate of $2.66, despite an 8.9% increase in quarterly revenue year-over-year.

Voya Investment Management LLC reduced its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 99.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,975 shares of the business services provider's stock after selling 61,012,968 shares during the period. Voya Investment Management LLC owned approximately 0.19% of Euronet Worldwide worth $8,973,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EEFT. Elequin Capital LP purchased a new position in shares of Euronet Worldwide in the 1st quarter worth $30,000. Geneos Wealth Management Inc. lifted its position in shares of Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider's stock worth $36,000 after purchasing an additional 109 shares during the period. UMB Bank n.a. raised its stake in shares of Euronet Worldwide by 92.3% during the 1st 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 acquired a new position in Euronet Worldwide during the 1st quarter valued at approximately $97,000. Finally, Focus Partners Wealth acquired a new position in Euronet Worldwide during the 1st quarter valued at approximately $202,000. 91.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EEFT shares. Oppenheimer upped their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. DA Davidson restated a "buy" rating and set a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $122.83.

Euronet Worldwide Stock Down 0.0%

Euronet Worldwide stock traded down $0.01 during trading on Friday, reaching $89.21. The stock had a trading volume of 1,868,183 shares, compared to its average volume of 772,286. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $114.25. The stock has a market cap of $3.66 billion, a PE ratio of 12.24, a P/E/G ratio of 0.72 and a beta of 1.25. 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 business has a 50 day moving average price of $95.29 and a 200 day moving average price of $100.70.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $2.56 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 8.06% and a return on equity of 26.62%. The company's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, analysts predict 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.