Villere ST Denis J & Co. LLC Reduces Position in Euronet Worldwide, Inc. $EEFT

Villere ST Denis J & Co. LLC cut its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 266,065 shares of the business services provider’s stock after selling 5,852 shares during the quarter. Euronet Worldwide makes up about 2.6% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 17th largest holding. Villere ST Denis J & Co. LLC’s holdings in Euronet Worldwide were worth $26,974,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Euronet Worldwide by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider’s stock valued at $10,155,000 after buying an additional 280 shares during the last quarter. GAMMA Investing LLC raised its stake in Euronet Worldwide by 99.9% during the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider’s stock valued at $204,000 after buying an additional 953 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Euronet Worldwide by 211.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider’s stock valued at $213,000 after buying an additional 1,352 shares during the last quarter. SG Americas Securities LLC raised its stake in Euronet Worldwide by 46.4% during the 1st quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider’s stock valued at $504,000 after buying an additional 1,496 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Euronet Worldwide during the 1st quarter valued at $1,400,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EEFT has been the subject of a number of research reports. Keefe, Bruyette & Woods decreased their target price 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, October 1st. Weiss Ratings restated a “hold (c)” rating on shares of Euronet Worldwide in a research note on Wednesday. Oppenheimer upped their price objective on Euronet Worldwide from $135.00 to $137.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Finally, DA Davidson restated a “buy” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.17.

Euronet Worldwide Trading Down 3.5%

NASDAQ:EEFT opened at $83.11 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 0.69 and a beta of 1.21. Euronet Worldwide, Inc. has a one year low of $82.72 and a one year high of $114.25. The business has a fifty day moving average price of $91.21 and a 200-day moving average price of $99.03.

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

About Euronet Worldwide

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.