Euronet Worldwide, Inc. $EEFT Shares Bought by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management increased its stake in Euronet Worldwide by 16.3%, owning 23,343 shares worth approximately $2.37 million as of the latest reporting period.
• Euronet Worldwide reported a quarterly EPS of $2.56, falling short of analysts' expectations of $2.66, despite an 8.9% increase in revenue year-over-year.
• Current analyst ratings for Euronet Worldwide include seven positive ratings with a consensus target price of $122.83, indicating a generally favorable outlook for the stock.

Wedge Capital Management L L P NC increased its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 16.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,343 shares of the business services provider's stock after acquiring an additional 3,270 shares during the period. Wedge Capital Management L L P NC owned approximately 0.05% of Euronet Worldwide worth $2,367,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Deutsche Bank AG raised its position in shares of Euronet Worldwide by 65.0% during the fourth quarter. Deutsche Bank AG now owns 5,643 shares of the business services provider's stock worth $580,000 after acquiring an additional 2,223 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Euronet Worldwide in the fourth quarter valued at approximately $215,000. Tidal Investments LLC boosted its holdings in shares of Euronet Worldwide by 19.7% in the 4th quarter. Tidal Investments LLC now owns 8,610 shares of the business services provider's stock valued at $885,000 after purchasing an additional 1,415 shares in the last quarter. Two Sigma Investments LP raised its position in Euronet Worldwide by 16.4% in the fourth quarter. Two Sigma Investments LP now owns 88,458 shares of the business services provider's stock valued at $9,097,000 after purchasing an additional 12,457 shares during the last quarter. Finally, Vise Technologies Inc. increased its position in Euronet Worldwide by 3.9% during the 4th quarter. Vise Technologies Inc. now owns 4,656 shares of the business services provider's stock valued at $479,000 after purchasing an additional 174 shares during the period. Hedge funds and other institutional investors own 91.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Oppenheimer upped their target price on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. DA Davidson reiterated a "buy" rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, September 12th. One 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's stock. According to MarketBeat.com, Euronet Worldwide currently has an average rating of "Moderate Buy" and a consensus target price of $122.83.

Euronet Worldwide Stock Down 0.0%

Euronet Worldwide stock traded down $0.02 during midday trading on Monday, reaching $89.19. The stock had a trading volume of 1,103,782 shares, compared to its average volume of 823,208. The company has a market capitalization of $3.66 billion, a P/E ratio of 12.23, a PEG ratio of 0.72 and a beta of 1.25. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.74. Euronet Worldwide, Inc. has a 12 month low of $85.24 and a 12 month high of $114.25. The company has a fifty day moving average price of $95.02 and a two-hundred day moving average price of $100.65.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its 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 quarter in the prior year, the company earned $2.25 earnings per share. The business'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. As a group, equities analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS 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.