HighTower Advisors LLC Has $2.64 Million Position in Euronet Worldwide, Inc. $EEFT

HighTower Advisors LLC trimmed its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,691 shares of the business services provider’s stock after selling 1,192 shares during the quarter. HighTower Advisors LLC owned 0.06% of Euronet Worldwide worth $2,638,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Blair William & Co. IL increased its position in shares of Euronet Worldwide by 2.0% during the first quarter. Blair William & Co. IL now owns 5,007 shares of the business services provider’s stock worth $535,000 after acquiring an additional 100 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Euronet Worldwide by 2.5% in the 1st quarter. State of Alaska Department of Revenue now owns 4,833 shares of the business services provider’s stock worth $516,000 after purchasing an additional 120 shares during the period. Fifth Third Bancorp increased its holdings in Euronet Worldwide by 6.8% during the 1st quarter. Fifth Third Bancorp now owns 1,929 shares of the business services provider’s stock worth $206,000 after purchasing an additional 123 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Euronet Worldwide by 4.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,492 shares of the business services provider’s stock worth $373,000 after purchasing an additional 147 shares in the last quarter. Finally, Vise Technologies Inc. raised its stake in shares of Euronet Worldwide by 3.9% in 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. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

NASDAQ:EEFT opened at $98.32 on Friday. The stock has a market capitalization of $4.03 billion, a PE ratio of 13.49, a P/E/G ratio of 0.75 and a beta of 1.25. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $114.25. The firm has a fifty day simple moving average of $100.17 and a 200 day simple moving average of $102.03. 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 (NASDAQ:EEFT) last released its quarterly earnings data 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 firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the firm earned $2.25 earnings per share. The firm’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, research analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on EEFT. Needham & Company LLC reduced their price objective on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Oppenheimer upped their price target on Euronet Worldwide from $135.00 to $137.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.83.

About Euronet Worldwide

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.