2,845 Shares in Euronet Worldwide, Inc. $EEFT Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,845 shares of the business services provider’s stock, valued at approximately $288,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in shares of Euronet Worldwide by 1,797.7% in the 1st quarter. IFP Advisors Inc now owns 2,448 shares of the business services provider’s stock worth $262,000 after purchasing an additional 2,319 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Euronet Worldwide during the first quarter worth $2,765,000. Legato Capital Management LLC raised its holdings in Euronet Worldwide by 180.7% during the first quarter. Legato Capital Management LLC now owns 10,635 shares of the business services provider’s stock worth $1,136,000 after buying an additional 6,846 shares during the last quarter. Norwood Investment Partners LP lifted its stake in shares of Euronet Worldwide by 54.9% in the first quarter. Norwood Investment Partners LP now owns 92,828 shares of the business services provider’s stock valued at $9,919,000 after buying an additional 32,900 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Euronet Worldwide during the first quarter valued at about $509,000. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

NASDAQ EEFT opened at $70.93 on Friday. The company has a market capitalization of $2.98 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.15 and a current ratio of 1.15. Euronet Worldwide, Inc. has a 52-week low of $68.56 and a 52-week high of $114.25. The company has a 50-day simple moving average of $82.03 and a 200 day simple moving average of $94.90.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Euronet Worldwide in a report on Wednesday, October 8th. Keefe, Bruyette & Woods decreased their price objective on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Friday, October 24th. DA Davidson reissued a “buy” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, September 12th. Needham & Company LLC dropped their target price on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, October 23rd. Finally, Oppenheimer decreased 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Euronet Worldwide has a consensus rating of “Moderate Buy” and an average 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.