Euronet Worldwide, Inc. $EEFT Shares Acquired by CX Institutional

CX Institutional lifted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 17.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 74,228 shares of the business services provider’s stock after acquiring an additional 11,240 shares during the period. CX Institutional owned approximately 0.18% of Euronet Worldwide worth $6,518,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LRI Investments LLC raised its holdings in shares of Euronet Worldwide by 26.7% in the second quarter. LRI Investments LLC now owns 1,540 shares of the business services provider’s stock worth $156,000 after buying an additional 325 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Euronet Worldwide by 80.3% in the 2nd quarter. Prudential Financial Inc. now owns 98,147 shares of the business services provider’s stock valued at $9,950,000 after acquiring an additional 43,710 shares during the period. American Century Companies Inc. increased its position in shares of Euronet Worldwide by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 1,342,733 shares of the business services provider’s stock valued at $136,126,000 after acquiring an additional 227,597 shares during the period. Savant Capital LLC raised its stake in Euronet Worldwide by 215.0% in the 2nd quarter. Savant Capital LLC now owns 20,624 shares of the business services provider’s stock worth $2,091,000 after acquiring an additional 14,076 shares during the last quarter. Finally, Value Holdings Management CO. LLC lifted its position in Euronet Worldwide by 56.9% during the 3rd quarter. Value Holdings Management CO. LLC now owns 98,123 shares of the business services provider’s stock worth $8,616,000 after acquiring an additional 35,600 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Performance

EEFT opened at $74.07 on Thursday. The firm has a fifty day moving average price of $74.46 and a 200 day moving average price of $87.14. Euronet Worldwide, Inc. has a 1 year low of $68.56 and a 1 year high of $114.25. The stock has a market cap of $3.11 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.59 and a beta of 0.84. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.15.

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 analysts’ consensus estimates of $3.58 by $0.04. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations 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 quarter 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. Equities research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analyst Ratings Changes

EEFT has been the topic of a number of research reports. Needham & Company LLC cut their price objective on 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 target on shares of Euronet Worldwide in a report on Friday, September 12th. Wall Street Zen cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Oppenheimer cut their price objective 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. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Friday, October 24th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Euronet Worldwide currently has an average rating of “Moderate Buy” and a consensus price target of $117.60.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.