Cooper Financial Group Sells 3,863 Shares of Euronet Worldwide, Inc. $EEFT

Cooper Financial Group lessened its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 45.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,556 shares of the business services provider’s stock after selling 3,863 shares during the period. Cooper Financial Group’s holdings in Euronet Worldwide were worth $462,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elequin Capital LP bought a new stake in shares of Euronet Worldwide during the first quarter valued at approximately $30,000. Geneos Wealth Management Inc. raised its stake in Euronet Worldwide by 48.4% in the first 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 in the last quarter. Atwood & Palmer Inc. raised its stake in 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 buying an additional 131 shares in the last quarter. UMB Bank n.a. raised its stake in Euronet Worldwide by 92.3% in the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider’s stock worth $48,000 after buying an additional 216 shares in the last quarter. Finally, Versant Capital Management Inc bought a new position in Euronet Worldwide in the first quarter worth approximately $97,000. Institutional investors own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

EEFT has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. DA Davidson reissued a “buy” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, September 12th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Euronet Worldwide from $110.00 to $100.00 and set a “market perform” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and an average target price of $121.17.

Euronet Worldwide Price Performance

NASDAQ EEFT opened at $88.22 on Thursday. The firm’s fifty day simple moving average is $93.14 and its two-hundred day simple moving average is $100.04. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.74. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $114.25. The firm has a market capitalization of $3.62 billion, a P/E ratio of 12.10, a P/E/G ratio of 0.70 and a beta of 1.21.

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

Euronet Worldwide 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.