Mawer Investment Management Ltd. Trims Position in Euronet Worldwide, Inc. $EEFT

Mawer Investment Management Ltd. trimmed its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,407 shares of the business services provider’s stock after selling 2,959 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Euronet Worldwide were worth $8,152,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vise Technologies Inc. bought a new position in Euronet Worldwide in the 2nd quarter valued at $584,000. Allworth Financial LP boosted its stake in Euronet Worldwide by 248.7% during the second quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock valued at $27,000 after buying an additional 189 shares during the period. CSM Advisors LLC purchased a new position in shares of Euronet Worldwide during the second quarter worth about $4,292,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Euronet Worldwide in the 2nd quarter worth approximately $288,000. Finally, True Wealth Design LLC increased its holdings in shares of Euronet Worldwide by 106.4% in the 2nd quarter. True Wealth Design LLC now owns 450 shares of the business services provider’s stock worth $46,000 after buying an additional 232 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock opened at $71.64 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.15. Euronet Worldwide, Inc. has a one year low of $71.14 and a one year high of $114.25. The business’s 50 day simple moving average is $85.27 and its two-hundred day simple moving average is $96.45. The stock has a market capitalization of $3.01 billion, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20.

Euronet Worldwide (NASDAQ:EEFT) last issued its 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 firm 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%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $3.03 earnings per share. 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 year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EEFT. Keefe, Bruyette & Woods cut 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. Oppenheimer cut their price objective on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 17th. DA Davidson reissued a “buy” rating and set a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, September 12th. Wall Street Zen downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Needham & Company LLC decreased their price target on shares of Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.