Russell Investments Group Ltd. Has $2.90 Million Stock Holdings in Euronet Worldwide, Inc. $EEFT

Russell Investments Group Ltd. decreased its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 29.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 28,596 shares of the business services provider’s stock after selling 11,978 shares during the period. Russell Investments Group Ltd.’s holdings in Euronet Worldwide were worth $2,899,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EEFT. American Century Companies Inc. raised its position in Euronet Worldwide by 20.4% in the second quarter. American Century Companies Inc. now owns 1,342,733 shares of the business services provider’s stock worth $136,126,000 after acquiring an additional 227,597 shares during the period. Burgundy Asset Management Ltd. increased its stake in shares of Euronet Worldwide by 6.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 1,171,426 shares of the business services provider’s stock worth $125,167,000 after purchasing an additional 75,126 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of 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 period. Reinhart Partners LLC. lifted its stake in Euronet Worldwide by 21.6% in the second quarter. Reinhart Partners LLC. now owns 897,910 shares of the business services provider’s stock valued at $91,032,000 after purchasing an additional 159,527 shares during the last quarter. Finally, Voss Capital LP grew its holdings in Euronet Worldwide by 30.9% during the first quarter. Voss Capital LP now owns 824,589 shares of the business services provider’s stock valued at $88,107,000 after purchasing an additional 194,589 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Down 1.8%

EEFT opened at $73.37 on Tuesday. The business’s fifty day simple moving average is $78.39 and its 200 day simple moving average is $91.78. Euronet Worldwide, Inc. has a 52 week low of $68.56 and a 52 week high of $114.25. 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 stock has a market cap of $3.08 billion, a PE ratio of 10.74, a P/E/G ratio of 0.61 and a beta of 0.86.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, October 23rd. The business services provider reported $3.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.04. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Euronet Worldwide had a return on equity of 27.63% and a net margin of 7.27%.The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.03 EPS. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EEFT shares. Needham & Company LLC dropped their price target on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Euronet Worldwide in a research note on Monday, December 1st. Wall Street Zen cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Oppenheimer cut their price objective on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Euronet Worldwide currently has an average rating of “Moderate Buy” and a consensus target price of $117.60.

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.