Wealth Enhancement Advisory Services LLC Acquires 8,704 Shares of Euronet Worldwide, Inc. $EEFT

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Euronet Worldwide by 66.4%, acquiring an additional 8,704 shares to reach a total of 21,804 shares, valued at approximately $2.32 million.
• Several large investors, including AQR Capital Management and GAMMA Investing, have significantly boosted their stakes in Euronet Worldwide, highlighting increased institutional interest in the company.
• Euronet Worldwide's quarterly earnings showed a reported EPS of $2.56, missing estimates by $0.10, despite an 8.9% year-over-year revenue increase to $1.07 billion.

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 66.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 21,804 shares of the business services provider's stock after acquiring an additional 8,704 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of Euronet Worldwide worth $2,323,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in EEFT. AQR Capital Management LLC boosted its stake in Euronet Worldwide by 102.5% in the 1st quarter. AQR Capital Management LLC now owns 564,227 shares of the business services provider's stock worth $59,388,000 after purchasing an additional 285,564 shares during the period. GAMMA Investing LLC boosted its stake in shares of Euronet Worldwide by 21,258.8% during the 1st quarter. GAMMA Investing LLC now owns 203,763 shares of the business services provider's stock worth $21,772,000 after buying an additional 202,809 shares during the last quarter. Voss Capital LP lifted its stake in Euronet Worldwide by 30.9% in the 1st quarter. Voss Capital LP now owns 824,589 shares of the business services provider's stock valued at $88,107,000 after purchasing an additional 194,589 shares during the last quarter. Reinhart Partners LLC. lifted its stake in Euronet Worldwide by 21.6% in the 2nd quarter. Reinhart Partners LLC. now owns 897,910 shares of the business services provider's stock valued at $91,032,000 after purchasing an additional 159,527 shares during the last quarter. Finally, Public Sector Pension Investment Board acquired a new stake in Euronet Worldwide in the 1st quarter valued at about $9,962,000. Institutional investors own 91.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Oppenheimer increased their price target 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. DA Davidson reissued a "buy" rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday, September 12th. One equities 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. According to data from MarketBeat, Euronet Worldwide currently has a consensus rating of "Moderate Buy" and an average target price of $122.83.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $89.45 on Monday. Euronet Worldwide, Inc. has a fifty-two week low of $85.24 and a fifty-two week high of $114.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $3.67 billion, a P/E ratio of 12.27, a P/E/G ratio of 0.72 and a beta of 1.25. The company's 50 day moving average price is $94.07 and its two-hundred day moving average price is $100.30.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings results 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). Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm posted $2.25 EPS. Euronet Worldwide's revenue for the quarter was up 8.9% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, equities analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal 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.

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