Euronet Worldwide, Inc. $EEFT Position Decreased by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,573 shares of the business services provider’s stock after selling 260 shares during the period. State of Alaska Department of Revenue’s holdings in Euronet Worldwide were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. CX Institutional boosted its position in shares of Euronet Worldwide by 97.6% during the 2nd quarter. CX Institutional now owns 62,988 shares of the business services provider’s stock valued at $6,386,000 after purchasing an additional 31,112 shares in the last quarter. Oliver Luxxe Assets LLC boosted its position in shares of Euronet Worldwide by 1.0% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 19,867 shares of the business services provider’s stock valued at $2,014,000 after purchasing an additional 190 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Euronet Worldwide by 40.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,680 shares of the business services provider’s stock valued at $272,000 after purchasing an additional 773 shares in the last quarter. Wedge Capital Management L L P NC boosted its position in shares of Euronet Worldwide by 16.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 23,343 shares of the business services provider’s stock valued at $2,367,000 after purchasing an additional 3,270 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Euronet Worldwide by 46.2% during the 2nd quarter. UMB Bank n.a. now owns 658 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 208 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

NASDAQ EEFT opened at $86.53 on Thursday. The company has a 50 day simple moving average of $91.65 and a 200-day simple moving average of $99.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 0.70 and a beta of 1.21. Euronet Worldwide, Inc. has a 52-week low of $85.24 and a 52-week high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.66 by ($0.10). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.Euronet Worldwide’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $2.25 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Equities research analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. DA Davidson reaffirmed a “buy” rating and set a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, September 12th. Oppenheimer upped their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods reduced their price objective on shares of Euronet Worldwide from $110.00 to $100.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Euronet Worldwide in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Euronet Worldwide has a consensus rating of “Moderate Buy” and a consensus 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.