Maryland State Retirement & Pension System Reduces Stock Holdings in Euronet Worldwide, Inc. $EEFT

Maryland State Retirement & Pension System reduced its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 19.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,978 shares of the business services provider’s stock after selling 490 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Euronet Worldwide were worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in EEFT. Principal Financial Group Inc. boosted its stake in Euronet Worldwide by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider’s stock worth $10,155,000 after purchasing an additional 280 shares during the period. GAMMA Investing LLC boosted 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 last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Euronet Worldwide by 211.6% during the first quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider’s stock worth $213,000 after purchasing an additional 1,352 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Euronet Worldwide by 46.4% in the first quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider’s stock worth $504,000 after purchasing an additional 1,496 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Euronet Worldwide in the first quarter valued at approximately $1,400,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Down 0.7%

Shares of Euronet Worldwide stock opened at $95.15 on Wednesday. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.77 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. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve month high of $114.25. The company’s 50 day moving average is $101.07 and its 200 day moving average is $102.11.

Euronet Worldwide (NASDAQ:EEFT) 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). 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 during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company earned $2.25 earnings per share. The company’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. Research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EEFT shares. Needham & Company LLC cut their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 25th. William Blair reaffirmed an “outperform” rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Keefe, Bruyette & Woods lowered their price objective on Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating for the company in a research report on Friday, April 25th. Finally, Oppenheimer lifted their target price on shares of Euronet Worldwide from $135.00 to $137.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $123.83.

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.