Burgundy Asset Management Ltd. Raises Position in Euronet Worldwide, Inc. $EEFT

Burgundy Asset Management Ltd. increased its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,217,631 shares of the business services provider’s stock after purchasing an additional 46,205 shares during the quarter. Burgundy Asset Management Ltd. owned 2.97% of Euronet Worldwide worth $123,443,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EEFT. American Century Companies Inc. lifted its stake 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 purchasing an additional 227,597 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Euronet Worldwide by 3.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,069,549 shares of the business services provider’s stock worth $114,281,000 after buying an additional 31,778 shares during the period. Reinhart Partners LLC. lifted its stake in shares of Euronet Worldwide by 21.6% during the 2nd quarter. Reinhart Partners LLC. now owns 897,910 shares of the business services provider’s stock worth $91,032,000 after acquiring an additional 159,527 shares during the last quarter. Voss Capital LP boosted its holdings in Euronet Worldwide by 30.9% during the 1st quarter. Voss Capital LP now owns 824,589 shares of the business services provider’s stock valued at $88,107,000 after acquiring an additional 194,589 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Euronet Worldwide by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 628,384 shares of the business services provider’s stock valued at $67,143,000 after acquiring an additional 91,348 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Trading Up 1.0%

NASDAQ EEFT opened at $74.75 on Friday. Euronet Worldwide, Inc. has a 12-month low of $68.56 and a 12-month high of $114.25. The company has a fifty day simple moving average of $78.70 and a two-hundred day simple moving average of $92.12. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.84. The stock has a market cap of $3.14 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.61 and a beta of 0.86.

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

Analysts Set New Price Targets

Several research firms have issued reports on EEFT. 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. DA Davidson reaffirmed a “buy” rating and set a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, September 12th. Keefe, Bruyette & Woods dropped their price objective on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Friday, October 24th. Weiss Ratings restated a “hold (c-)” rating on shares of Euronet Worldwide in a report on Monday, December 1st. Finally, Wall Street Zen cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and an average price target 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.