Loomis Sayles & Co. L P Has $16.38 Million Stake in Euronet Worldwide, Inc. $EEFT

Loomis Sayles & Co. L P lifted its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 13.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,517 shares of the business services provider’s stock after buying an additional 19,671 shares during the period. Loomis Sayles & Co. L P owned about 0.39% of Euronet Worldwide worth $16,375,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EEFT. XTX Topco Ltd bought a new stake in Euronet Worldwide in the 1st quarter valued at approximately $509,000. Nicolet Advisory Services LLC acquired a new stake in shares of Euronet Worldwide in the first quarter valued at approximately $235,000. Jefferies Financial Group Inc. lifted its position in shares of Euronet Worldwide by 11.4% in the first quarter. Jefferies Financial Group Inc. now owns 4,721 shares of the business services provider’s stock worth $504,000 after purchasing an additional 484 shares in the last quarter. Blair William & Co. IL boosted its holdings in Euronet Worldwide by 2.0% during the first quarter. Blair William & Co. IL now owns 5,007 shares of the business services provider’s stock worth $535,000 after purchasing an additional 100 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Euronet Worldwide by 10.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,699 shares of the business services provider’s stock valued at $288,000 after purchasing an additional 264 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Trading Up 0.9%

Euronet Worldwide stock opened at $74.06 on Monday. The stock has a 50-day simple moving average of $80.09 and a 200 day simple moving average of $93.26. The stock has a market capitalization of $3.11 billion, a P/E ratio of 10.84, a PEG ratio of 0.63 and a beta of 1.20. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.15 and a current ratio of 1.15. Euronet Worldwide, Inc. has a 52 week low of $68.56 and a 52 week high of $114.25.

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

Wall Street Analysts Forecast Growth

EEFT has been the topic of several recent research reports. Needham & Company LLC lowered their price target 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. DA Davidson reaffirmed a “buy” rating and issued a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, September 12th. Weiss Ratings reissued a “hold (c-)” rating on shares of Euronet Worldwide in a research report on Tuesday, November 25th. Keefe, Bruyette & Woods lowered their price target on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating on the stock in a research report on Friday, October 24th. Finally, Oppenheimer dropped their price objective 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. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.60.

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.