Arrowstreet Capital Limited Partnership Lowers Holdings in Euronet Worldwide, Inc. $EEFT

Arrowstreet Capital Limited Partnership trimmed its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 17.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,484 shares of the business services provider’s stock after selling 45,543 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.53% of Euronet Worldwide worth $21,947,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of EEFT. Blair William & Co. IL grew its stake in shares of Euronet Worldwide by 2.0% during 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 period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Euronet Worldwide by 10.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,699 shares of the business services provider’s stock valued at $288,000 after buying an additional 264 shares during the period. True North Advisors LLC purchased a new position in Euronet Worldwide in the first quarter valued at $222,000. Invesco Ltd. raised its position in shares of Euronet Worldwide by 50.9% in the first quarter. Invesco Ltd. now owns 186,204 shares of the business services provider’s stock worth $19,896,000 after acquiring an additional 62,818 shares during the period. Finally, Entropy Technologies LP raised its position in shares of Euronet Worldwide by 160.8% in the first quarter. Entropy Technologies LP now owns 10,203 shares of the business services provider’s stock worth $1,090,000 after acquiring an additional 6,291 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EEFT has been the topic of a number of analyst reports. Keefe, Bruyette & Woods dropped their target price on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating on the stock in a research report on Friday, October 24th. Wall Street Zen lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. DA Davidson reaffirmed a “buy” rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, September 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Euronet Worldwide in a research report on Monday, December 1st. Finally, Oppenheimer dropped their price target on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a research note 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 company’s stock. According to data from MarketBeat.com, Euronet Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $117.60.

Euronet Worldwide Stock Performance

EEFT opened at $74.75 on Monday. Euronet Worldwide, Inc. has a twelve month low of $68.56 and a twelve month high of $114.25. The firm has a market capitalization of $3.14 billion, a PE ratio of 10.94, a PEG ratio of 0.61 and a beta of 0.86. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.84. The firm’s 50-day moving average price is $78.70 and its 200 day moving average price is $92.02.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, October 23rd. The business services provider reported $3.62 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.04. The company had revenue of $1.15 billion during 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%. Euronet Worldwide’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.03 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, sell-side analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal 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.