Euronet Worldwide, Inc. $EEFT is Hahn Capital Management LLC’s 7th Largest Position

Hahn Capital Management LLC trimmed its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,673 shares of the business services provider’s stock after selling 1,388 shares during the quarter. Euronet Worldwide comprises about 4.5% of Hahn Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Hahn Capital Management LLC owned approximately 0.22% of Euronet Worldwide worth $9,598,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EEFT. GAMMA Investing LLC lifted its position in shares of Euronet Worldwide by 21,258.8% during the first quarter. GAMMA Investing LLC now owns 203,763 shares of the business services provider’s stock valued at $21,772,000 after buying an additional 202,809 shares during the last quarter. Rhumbline Advisers raised its position in shares of Euronet Worldwide by 0.6% in the 1st quarter. Rhumbline Advisers now owns 113,531 shares of the business services provider’s stock valued at $12,131,000 after purchasing an additional 719 shares during the last quarter. Merit Financial Group LLC purchased a new position in shares of Euronet Worldwide in the 1st quarter valued at approximately $520,000. Reinhart Partners LLC. raised its position in shares of Euronet Worldwide by 17.7% in the 1st quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider’s stock valued at $78,896,000 after purchasing an additional 111,234 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Euronet Worldwide by 92.3% in the 1st quarter. UMB Bank n.a. now owns 450 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 216 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on EEFT. Keefe, Bruyette & Woods decreased their price objective on shares of Euronet Worldwide from $110.00 to $100.00 and set a “market perform” rating for the company in a research report on Wednesday. DA Davidson reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, September 12th. Finally, Oppenheimer increased their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $121.17.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT opened at $88.06 on Friday. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve month high of $114.25. The company’s 50 day moving average is $92.83 and its 200 day moving average is $99.92. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.74. The company has a market cap of $3.61 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.71 and a beta of 1.21.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly 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). Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company posted $2.25 EPS. Euronet Worldwide’s quarterly revenue was up 8.9% compared to the same quarter last year. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, sell-side analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

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.