Bessemer Group Inc. Has $287,000 Stock Position in Euronet Worldwide, Inc. $EEFT

Bessemer Group Inc. reduced its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 69.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,832 shares of the business services provider’s stock after selling 6,324 shares during the period. Bessemer Group Inc.’s holdings in Euronet Worldwide were worth $287,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its holdings in Euronet Worldwide by 7.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 63,561 shares of the business services provider’s stock worth $6,444,000 after buying an additional 4,454 shares during the period. Nisa Investment Advisors LLC raised its holdings in Euronet Worldwide by 145.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 27,252 shares of the business services provider’s stock worth $2,763,000 after buying an additional 16,155 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Euronet Worldwide by 23.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,301 shares of the business services provider’s stock worth $436,000 after buying an additional 809 shares during the period. Brighton Jones LLC acquired a new stake in Euronet Worldwide during the 2nd quarter worth approximately $293,000. Finally, Shaker Investments LLC OH raised its holdings in Euronet Worldwide by 89.2% during the 2nd quarter. Shaker Investments LLC OH now owns 4,733 shares of the business services provider’s stock worth $480,000 after buying an additional 2,232 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Price Performance

Shares of EEFT opened at $74.22 on Tuesday. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 0.63 and a beta of 1.21. Euronet Worldwide, Inc. has a 1-year low of $74.05 and a 1-year high of $114.25. The company’s fifty day simple moving average is $87.40 and its 200 day simple moving average is $97.26. 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 (NASDAQ:EEFT) last issued its earnings results on Thursday, October 23rd. The business services provider reported $3.62 earnings per share for the quarter, topping analysts’ consensus estimates of $3.58 by $0.04. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.20 billion. Euronet Worldwide had a net margin of 7.27% and a return on equity of 27.63%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.03 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, research analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Friday, October 24th. Wall Street Zen downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Needham & Company LLC lowered their price objective on shares of Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. DA Davidson reiterated a “buy” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, September 12th. Finally, Oppenheimer lowered their price objective on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, October 17th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.60.

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.