Euronet Worldwide, Inc. $EEFT Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 72,174 shares of the business services provider’s stock after acquiring an additional 710 shares during the quarter. Nordea Investment Management AB owned about 0.17% of Euronet Worldwide worth $7,290,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Burgundy Asset Management Ltd. lifted its holdings in shares of Euronet Worldwide by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 1,171,426 shares of the business services provider’s stock valued at $125,167,000 after buying an additional 75,126 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in Euronet Worldwide by 3.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,069,549 shares of the business services provider’s stock worth $114,281,000 after purchasing an additional 31,778 shares during the last quarter. Reinhart Partners LLC. increased its position in Euronet Worldwide by 21.6% in the 2nd quarter. Reinhart Partners LLC. now owns 897,910 shares of the business services provider’s stock worth $91,032,000 after purchasing an additional 159,527 shares during the last quarter. Voss Capital LP increased its position in Euronet Worldwide by 30.9% in the 1st quarter. Voss Capital LP now owns 824,589 shares of the business services provider’s stock worth $88,107,000 after purchasing an additional 194,589 shares during the last quarter. Finally, New South Capital Management Inc. increased its holdings in shares of Euronet Worldwide by 5.9% during the 1st quarter. New South Capital Management Inc. now owns 647,810 shares of the business services provider’s stock valued at $69,218,000 after acquiring an additional 36,267 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analysts Set New Price Targets

EEFT has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Euronet Worldwide in a report on Wednesday, October 8th. 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 price objective on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday. Wall Street Zen cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Keefe, Bruyette & Woods dropped their price target on Euronet Worldwide from $110.00 to $100.00 and set a “market perform” rating for the company in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Euronet Worldwide presently has an average rating of “Moderate Buy” and a consensus price target of $122.60.

Euronet Worldwide Stock Performance

EEFT stock opened at $87.34 on Tuesday. The business’s 50-day moving average price is $90.46 and its two-hundred day moving average price is $98.12. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.74. The firm has a market cap of $3.58 billion, a PE ratio of 11.98, a P/E/G ratio of 0.70 and a beta of 1.21. Euronet Worldwide, Inc. has a 1-year low of $82.18 and a 1-year high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share for the quarter, missing the consensus estimate of $2.66 by ($0.10). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, research analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

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.