Asset Management One Co. Ltd. Reduces Position in Euronet Worldwide, Inc. $EEFT

Asset Management One Co. Ltd. trimmed its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 21.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,572 shares of the business services provider’s stock after selling 419 shares during the period. Asset Management One Co. Ltd.’s holdings in Euronet Worldwide were worth $159,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Elequin Capital LP purchased a new position in shares of Euronet Worldwide during the first quarter valued at approximately $30,000. 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. Atwood & Palmer Inc. lifted its stake in shares of Euronet Worldwide by 43.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider’s stock worth $44,000 after acquiring an additional 131 shares during the last quarter. UMB Bank n.a. boosted its holdings in Euronet Worldwide by 46.2% during the 2nd quarter. UMB Bank n.a. now owns 658 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 208 shares during the period. Finally, LRI Investments LLC grew its position in Euronet Worldwide by 26.7% in the 2nd quarter. LRI Investments LLC now owns 1,540 shares of the business services provider’s stock valued at $156,000 after acquiring an additional 325 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

EEFT has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Euronet Worldwide in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Needham & Company LLC lowered their price objective on shares of Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, October 23rd. Oppenheimer reduced their target price on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Finally, Keefe, Bruyette & Woods lowered their price target on 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 investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.60.

Euronet Worldwide Stock Down 2.7%

Shares of Euronet Worldwide stock opened at $75.50 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.84. The company has a market cap of $3.10 billion, a P/E ratio of 11.05, a PEG ratio of 0.63 and a beta of 1.21. The firm’s 50 day moving average price is $88.29 and its 200-day moving average price is $97.51. Euronet Worldwide, Inc. has a 52-week low of $75.44 and a 52-week high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, October 23rd. The business services provider reported $3.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.58 by $0.04. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.20 billion. Euronet Worldwide had a net margin of 7.27% and a return on equity of 27.63%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period 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. On average, sell-side analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal 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.