Seizert Capital Partners LLC Makes New Investment in Euronet Worldwide, Inc. $EEFT

Seizert Capital Partners LLC acquired a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 21,780 shares of the business services provider’s stock, valued at approximately $2,208,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EEFT. AQR Capital Management LLC lifted its holdings in shares of Euronet Worldwide by 102.5% in the 1st quarter. AQR Capital Management LLC now owns 564,227 shares of the business services provider’s stock worth $59,388,000 after acquiring an additional 285,564 shares during the last quarter. Voss Capital LP raised 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 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 worth $91,032,000 after purchasing an additional 159,527 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Euronet Worldwide by 30.2% in the second quarter. Bank of New York Mellon Corp now owns 479,923 shares of the business services provider’s stock worth $48,655,000 after purchasing an additional 111,458 shares during the last quarter. Finally, Public Sector Pension Investment Board purchased a new position in shares of Euronet Worldwide during the first quarter valued at approximately $9,962,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analysts Set New Price Targets

EEFT has been the topic of several recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $130.00 price target on shares of Euronet Worldwide in a report on Friday, September 12th. Oppenheimer reduced their target price on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Euronet Worldwide in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Needham & Company LLC dropped their target price 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 investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.60.

Euronet Worldwide Stock Performance

EEFT stock opened at $69.79 on Wednesday. Euronet Worldwide, Inc. has a 1-year low of $68.81 and a 1-year high of $114.25. The business has a 50-day moving average price of $82.84 and a 200 day moving average price of $95.24. The company has a market capitalization of $2.93 billion, a P/E ratio of 10.22, a PEG ratio of 0.63 and a beta of 1.20. 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 (NASDAQ:EEFT) last posted its earnings results on Thursday, October 23rd. The business services provider reported $3.62 EPS for the quarter, beating analysts’ consensus estimates of $3.58 by $0.04. Euronet Worldwide had a net margin of 7.27% and a return on equity of 27.63%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm posted $3.03 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, equities research analysts forecast 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.