Euronet Worldwide, Inc. $EEFT is Voss Capital LP’s 9th Largest Position

Voss Capital LP lowered its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 805,000 shares of the business services provider’s stock after selling 19,589 shares during the quarter. Euronet Worldwide accounts for about 5.6% of Voss Capital LP’s investment portfolio, making the stock its 9th largest position. Voss Capital LP’s holdings in Euronet Worldwide were worth $81,611,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EEFT. Blair William & Co. IL increased its stake in shares of Euronet Worldwide by 2.0% in the first 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 in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after buying an additional 109 shares during the period. PNC Financial Services Group Inc. increased its stake in Euronet Worldwide by 4.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,420 shares of the business services provider’s stock worth $245,000 after buying an additional 113 shares in the last quarter. Fiduciary Financial Group LLC increased its stake in Euronet Worldwide by 5.1% in the 2nd quarter. Fiduciary Financial Group LLC now owns 2,455 shares of the business services provider’s stock worth $255,000 after buying an additional 120 shares in the last quarter. Finally, Atwood & Palmer Inc. raised its holdings in Euronet Worldwide by 43.7% during the second quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 131 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Stock Up 1.0%

NASDAQ EEFT opened at $74.75 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $3.14 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.61 and a beta of 0.86. Euronet Worldwide, Inc. has a one year low of $68.56 and a one year high of $114.25. The stock has a 50 day moving average price of $78.70 and a 200-day moving average price of $92.02.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Thursday, October 23rd. The business services provider reported $3.62 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.04. The company had revenue of $1.15 billion for 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%. Euronet Worldwide’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.03 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, equities analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EEFT. Needham & Company LLC dropped their price objective on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. DA Davidson restated a “buy” rating and issued a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, September 12th. Wall Street Zen lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Euronet Worldwide in a report on Monday, December 1st. Finally, Keefe, Bruyette & Woods dropped 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 research report on Friday, October 24th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average 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.