Truist Financial Corp Sells 239 Shares of Euronet Worldwide, Inc. $EEFT

Truist Financial Corp lowered its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 5.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,812 shares of the business services provider’s stock after selling 239 shares during the quarter. Truist Financial Corp’s holdings in Euronet Worldwide were worth $386,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Elequin Capital LP bought a new position in shares of Euronet Worldwide in the first quarter worth about $30,000. Geneos Wealth Management Inc. raised its stake in shares of Euronet Worldwide by 48.4% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after buying an additional 109 shares during the period. Atwood & Palmer Inc. raised its stake in shares of Euronet Worldwide by 43.7% in the second quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider’s stock worth $44,000 after buying an additional 131 shares during the period. UMB Bank n.a. raised its stake in shares of Euronet Worldwide by 46.2% in the second quarter. UMB Bank n.a. now owns 658 shares of the business services provider’s stock worth $67,000 after buying an additional 208 shares during the period. Finally, Focus Partners Wealth bought a new position in shares of Euronet Worldwide in the first quarter worth about $202,000. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $86.13 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15. Euronet Worldwide, Inc. has a 1 year low of $82.18 and a 1 year high of $114.25. The stock’s 50 day simple moving average is $90.65 and its two-hundred day simple moving average is $98.40. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 0.69 and a beta of 1.21.

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 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 firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm earned $2.25 EPS. The business’s revenue 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. As a group, equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on EEFT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Euronet Worldwide in a research note on Wednesday, October 8th. DA Davidson reissued a “buy” rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, September 12th. Oppenheimer lifted their target price on Euronet Worldwide from $135.00 to $137.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods decreased their target price on Euronet Worldwide from $110.00 to $100.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $121.17.

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.