Euronet Worldwide, Inc. $EEFT Stock Position Lessened by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,368 shares of the business services provider’s stock after selling 153 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Euronet Worldwide were worth $1,355,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of EEFT. Elequin Capital LP acquired a new stake in shares of Euronet Worldwide in the first quarter valued at $30,000. Geneos Wealth Management Inc. increased its position in Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after purchasing an additional 109 shares during the last quarter. Atwood & Palmer Inc. increased its holdings in shares of Euronet Worldwide by 43.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 131 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Euronet Worldwide by 92.3% during the 1st quarter. UMB Bank n.a. now owns 450 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 216 shares during the last quarter. Finally, Focus Partners Wealth bought a new stake in Euronet Worldwide during the 1st quarter valued at approximately $202,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $88.03 on Friday. The business’s 50 day moving average price is $92.51 and its two-hundred day moving average price is $99.74. The company has a market cap of $3.61 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21. 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.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Thursday, July 31st. The business services provider reported $2.56 EPS for the quarter, missing the consensus estimate of $2.66 by ($0.10). Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the company posted $2.25 EPS. Euronet Worldwide’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. On average, analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on EEFT. Weiss Ratings restated a “hold (c)” rating on shares of Euronet Worldwide in a research note on Saturday, September 27th. Oppenheimer raised their target price on Euronet Worldwide from $135.00 to $137.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods dropped their price target on Euronet Worldwide from $110.00 to $100.00 and set a “market perform” rating for the company in a report on Wednesday. Finally, DA Davidson reissued a “buy” rating and issued a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.17.

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.