Euronet Worldwide, Inc. $EEFT Position Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,217 shares of the business services provider’s stock after selling 1,036 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Euronet Worldwide were worth $2,050,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Blair William & Co. IL lifted its holdings in Euronet Worldwide by 2.0% in the 1st quarter. Blair William & Co. IL now owns 5,007 shares of the business services provider’s stock worth $535,000 after purchasing an additional 100 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings 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. State of Alaska Department of Revenue lifted its holdings in Euronet Worldwide by 2.5% in the 1st quarter. State of Alaska Department of Revenue now owns 4,833 shares of the business services provider’s stock worth $516,000 after purchasing an additional 120 shares during the last quarter. Fiduciary Financial Group LLC lifted its holdings in Euronet Worldwide by 5.1% in the 2nd quarter. Fiduciary Financial Group LLC now owns 2,455 shares of the business services provider’s stock worth $255,000 after purchasing an additional 120 shares during the last quarter. Finally, Atwood & Palmer Inc. lifted its holdings in Euronet Worldwide by 43.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider’s stock worth $44,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Euronet Worldwide in a report on Saturday. DA Davidson reiterated a “buy” rating and set a $130.00 price target on shares of Euronet Worldwide in a report on Friday, September 12th. Needham & Company LLC cut their price target on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a report on Thursday. Keefe, Bruyette & Woods cut their price target on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Friday. Finally, Oppenheimer cut their price target on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $117.60.

Euronet Worldwide Price Performance

Shares of EEFT opened at $82.27 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.84. Euronet Worldwide, Inc. has a 1 year low of $82.17 and a 1 year high of $114.25. The stock has a market cap of $3.37 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 0.66 and a beta of 1.21. The stock’s 50-day moving average price is $89.63 and its two-hundred day moving average price is $97.99.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, October 23rd. The business services provider reported $3.62 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.04. Euronet Worldwide had a return on equity of 27.63% and a net margin of 7.27%.The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business posted $3.03 EPS. Euronet Worldwide’s revenue for the quarter was up 4.2% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, equities analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

About Euronet Worldwide

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.