King Luther Capital Management Corp Sells 2,339 Shares of Euronet Worldwide, Inc. $EEFT

King Luther Capital Management Corp lowered its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,013 shares of the business services provider’s stock after selling 2,339 shares during the quarter. King Luther Capital Management Corp owned 0.17% of Euronet Worldwide worth $7,402,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Elequin Capital LP purchased a new stake in shares of Euronet Worldwide during the 1st quarter valued at about $30,000. Geneos Wealth Management Inc. increased its stake in Euronet Worldwide by 48.4% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after acquiring an additional 109 shares during the last quarter. Atwood & Palmer Inc. raised its position in Euronet Worldwide by 43.7% during the second quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 131 shares during the period. True Wealth Design LLC raised its position in Euronet Worldwide by 106.4% during the second quarter. True Wealth Design LLC now owns 450 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 232 shares during the period. Finally, Huntington National Bank lifted its stake in shares of Euronet Worldwide by 35.5% in the 2nd quarter. Huntington National Bank now owns 550 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 144 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EEFT has been the topic of several analyst reports. Needham & Company LLC cut their target price on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, October 23rd. Oppenheimer dropped their price objective on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Keefe, Bruyette & Woods reduced their target price on shares of Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Friday, October 24th. Wall Street Zen lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Euronet Worldwide in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.60.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $72.28 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.84. The stock’s fifty day moving average price is $85.70 and its 200-day moving average price is $96.64. The firm has a market cap of $3.04 billion, a P/E ratio of 10.58, a P/E/G ratio of 0.63 and a beta of 1.20. Euronet Worldwide, Inc. has a 12 month low of $71.35 and a 12 month 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 for the quarter, topping analysts’ consensus estimates of $3.58 by $0.04. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.20 billion. Euronet Worldwide had a net margin of 7.27% and a return on equity of 27.63%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.03 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, equities research analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

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.