Burgundy Asset Management Ltd. Increases Position in Euronet Worldwide, Inc. $EEFT

Burgundy Asset Management Ltd. lifted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,217,631 shares of the business services provider’s stock after purchasing an additional 46,205 shares during the period. Burgundy Asset Management Ltd.’s holdings in Euronet Worldwide were worth $123,443,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Blair William & Co. IL boosted its stake in Euronet Worldwide by 2.0% during the first quarter. Blair William & Co. IL now owns 5,007 shares of the business services provider’s stock worth $535,000 after buying an additional 100 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Euronet Worldwide by 10.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,699 shares of the business services provider’s stock worth $288,000 after acquiring an additional 264 shares during the period. True North Advisors LLC acquired a new position in shares of Euronet Worldwide during the 1st quarter valued at about $222,000. Invesco Ltd. grew its holdings 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 valued at $19,896,000 after purchasing an additional 62,818 shares during the period. Finally, Entropy Technologies LP grew its holdings 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 valued at $1,090,000 after purchasing an additional 6,291 shares during the period. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $74.75 on Friday. The company has a fifty day simple moving average of $78.70 and a two-hundred day simple moving average of $92.12. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 0.61 and a beta of 0.86. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. Euronet Worldwide, Inc. has a 52 week low of $68.56 and a 52 week high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data 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. Euronet Worldwide had a return on equity of 27.63% and a net margin of 7.27%.The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the business posted $3.03 EPS. The business’s quarterly 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. As a group, equities analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EEFT has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. DA Davidson reiterated a “buy” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, September 12th. Oppenheimer reduced their target price on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Euronet Worldwide in a report on Monday, December 1st. Finally, Needham & Company LLC cut their price objective 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. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.60.

Euronet Worldwide Company Profile

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.