Voya Investment Management LLC Has $8.97 Million Position in Euronet Worldwide, Inc. $EEFT

Voya Investment Management LLC reduced its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 99.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,975 shares of the business services provider’s stock after selling 61,012,968 shares during the period. Voya Investment Management LLC owned about 0.19% of Euronet Worldwide worth $8,973,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Burgundy Asset Management Ltd. boosted its position in shares of Euronet Worldwide by 6.9% during the first quarter. Burgundy Asset Management Ltd. now owns 1,171,426 shares of the business services provider’s stock worth $125,167,000 after buying an additional 75,126 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Euronet Worldwide by 3.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,069,549 shares of the business services provider’s stock worth $114,281,000 after buying an additional 31,778 shares during the period. Voss Capital LP boosted its position in shares of Euronet Worldwide by 30.9% during the first quarter. Voss Capital LP now owns 824,589 shares of the business services provider’s stock worth $88,107,000 after buying an additional 194,589 shares during the period. Reinhart Partners LLC. boosted its position in shares of Euronet Worldwide by 17.7% during the first quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider’s stock worth $78,896,000 after buying an additional 111,234 shares during the period. Finally, New South Capital Management Inc. boosted its position in shares of Euronet Worldwide by 5.9% during the first quarter. New South Capital Management Inc. now owns 647,810 shares of the business services provider’s stock worth $69,218,000 after buying an additional 36,267 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Price Performance

NASDAQ:EEFT opened at $89.30 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.74. The stock’s 50 day moving average price is $96.29 and its two-hundred day moving average price is $100.90. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 0.72 and a beta of 1.25. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data 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). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. Euronet Worldwide’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.25 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Oppenheimer upped their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. DA Davidson reissued a “buy” rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, September 12th. One investment 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 stock. According to MarketBeat, Euronet Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $122.83.

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.