Cwm LLC Trims Stake in Euronet Worldwide, Inc. $EEFT

Cwm LLC lowered its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 84.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,789 shares of the business services provider’s stock after selling 20,712 shares during the period. Cwm LLC’s holdings in Euronet Worldwide were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of EEFT. Geneos Wealth Management Inc. lifted its stake in shares of Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after acquiring an additional 109 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Euronet Worldwide by 4.9% in the second quarter. PNC Financial Services Group Inc. now owns 2,420 shares of the business services provider’s stock worth $245,000 after purchasing an additional 113 shares during the period. Fiduciary Financial Group LLC boosted its stake in shares of Euronet Worldwide by 5.1% during the second quarter. Fiduciary Financial Group LLC now owns 2,455 shares of the business services provider’s stock valued at $255,000 after purchasing an additional 120 shares during the period. Evergreen Capital Management LLC boosted its stake in shares of Euronet Worldwide by 0.4% during the second quarter. Evergreen Capital Management LLC now owns 34,035 shares of the business services provider’s stock valued at $3,450,000 after purchasing an additional 129 shares during the period. Finally, Atwood & Palmer Inc. grew its holdings in shares of Euronet Worldwide by 43.7% in the second 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. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EEFT shares. Wall Street Zen lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Monness Crespi & Hardt downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Wolfe Research reissued an “underperform” rating and issued a $80.00 price objective on shares of Euronet Worldwide in a research note on Thursday. Needham & Company LLC decreased their target price on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Finally, Oppenheimer lowered their target price 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 investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Euronet Worldwide presently has a consensus rating of “Hold” and a consensus price target of $111.33.

Euronet Worldwide Trading Up 1.2%

Shares of NASDAQ EEFT opened at $75.31 on Monday. Euronet Worldwide, Inc. has a 1-year low of $68.56 and a 1-year high of $114.25. The business has a fifty day moving average price of $74.43 and a 200 day moving average price of $86.67. The stock has a market capitalization of $3.17 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 0.58 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 posted its earnings results on Thursday, October 23rd. The business services provider reported $3.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.58 by $0.04. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.20 billion. Euronet Worldwide had a return on equity of 27.63% and a net margin of 7.27%.The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.03 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Equities research analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

About Euronet Worldwide

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.