Euronet Worldwide, Inc. $EEFT Shares Purchased by Cwm LLC

Cwm LLC lifted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 144.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,501 shares of the business services provider’s stock after purchasing an additional 14,493 shares during the period. Cwm LLC owned about 0.06% of Euronet Worldwide worth $2,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in Euronet Worldwide by 0.3% during the first quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider’s stock worth $10,155,000 after acquiring an additional 280 shares during the period. GAMMA Investing LLC raised its position in shares of Euronet Worldwide by 99.9% during the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider’s stock worth $204,000 after purchasing an additional 953 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of 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 worth $213,000 after purchasing an additional 1,352 shares during the last quarter. SG Americas Securities LLC lifted its stake in Euronet Worldwide by 46.4% in 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Euronet Worldwide in the 1st quarter worth about $1,400,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Trading Up 1.4%

Shares of EEFT opened at $87.33 on Friday. Euronet Worldwide, Inc. has a 52-week low of $82.18 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 0.74. The firm’s fifty day moving average is $90.57 and its two-hundred day moving average is $98.19. The stock has a market cap of $3.58 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.70 and a beta of 1.21.

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

Wall Street Analyst Weigh In

EEFT has been the topic of several research analyst reports. Oppenheimer lowered their price objective on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday. Wall Street Zen cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Euronet Worldwide in a research note on Wednesday, October 8th. DA Davidson reaffirmed a “buy” rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, September 12th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Euronet Worldwide from $110.00 to $100.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $122.60.

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.