IVC Wealth Advisors LLC Sells 596 Shares of Euronet Worldwide, Inc. $EEFT

IVC Wealth Advisors LLC trimmed its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 20.7% in the second quarter, HoldingsChannel reports. The firm owned 2,287 shares of the business services provider’s stock after selling 596 shares during the quarter. IVC Wealth Advisors LLC’s holdings in Euronet Worldwide were worth $232,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Lecap Asset Management Ltd. bought a new stake in Euronet Worldwide in the 2nd quarter worth about $448,000. Janney Montgomery Scott LLC grew its position in shares of Euronet Worldwide by 140.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 24,091 shares of the business services provider’s stock valued at $2,442,000 after acquiring an additional 14,080 shares during the period. CX Institutional grew its position in shares of Euronet Worldwide by 97.6% during the 2nd quarter. CX Institutional now owns 62,988 shares of the business services provider’s stock valued at $6,386,000 after acquiring an additional 31,112 shares during the period. Oliver Luxxe Assets LLC grew its position in shares of Euronet Worldwide by 1.0% during the 2nd quarter. Oliver Luxxe Assets LLC now owns 19,867 shares of the business services provider’s stock valued at $2,014,000 after acquiring an additional 190 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Euronet Worldwide by 40.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,680 shares of the business services provider’s stock valued at $272,000 after acquiring an additional 773 shares during the period. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT opened at $88.03 on Friday. The company’s fifty day moving average price is $92.51 and its 200-day moving average price is $99.74. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 0.71 and a beta of 1.21. Euronet Worldwide, Inc. has a one year low of $85.24 and a one year high of $114.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on EEFT shares. Keefe, Bruyette & Woods reduced 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 report on Wednesday. Oppenheimer increased their target price 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. Weiss Ratings reissued a “hold (c)” rating on shares of Euronet Worldwide in a research report on Saturday, September 27th. Finally, DA Davidson reissued a “buy” rating and set a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.17.

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.