Russell Investments Group Ltd. Buys 4,789 Shares of Euronet Worldwide, Inc. $EEFT

Russell Investments Group Ltd. raised its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 13.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 40,574 shares of the business services provider’s stock after purchasing an additional 4,789 shares during the period. Russell Investments Group Ltd. owned 0.09% of Euronet Worldwide worth $4,335,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of EEFT. UMB Bank n.a. grew its holdings in Euronet Worldwide by 92.3% during the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 216 shares during the period. Versant Capital Management Inc bought a new stake in Euronet Worldwide during the first quarter valued at about $97,000. LRI Investments LLC grew its holdings in Euronet Worldwide by 65.0% during the fourth quarter. LRI Investments LLC now owns 1,536 shares of the business services provider’s stock valued at $158,000 after purchasing an additional 605 shares during the period. GAMMA Investing LLC grew its holdings in Euronet Worldwide by 99.9% during the first quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 953 shares during the period. Finally, Retirement Guys Formula LLC bought a new stake in Euronet Worldwide during the first quarter valued at about $205,000. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock opened at $98.32 on Friday. The stock has a 50 day moving average of $100.17 and a 200 day moving average of $102.03. Euronet Worldwide, Inc. has a 12 month low of $85.24 and a 12 month high of $114.25. The firm has a market cap of $4.03 billion, a PE ratio of 13.49, a PEG ratio of 0.75 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 (NASDAQ:EEFT) last posted its earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share 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 during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm earned $2.25 earnings per share. The business’s quarterly revenue 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 Upgrades and Downgrades

Several brokerages have recently commented on EEFT. Needham & Company LLC lowered their price objective on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Oppenheimer boosted their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods lowered their price objective on Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a research report on Friday, April 25th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus 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.