Bank of New York Mellon Corp Buys 111,458 Shares of Euronet Worldwide, Inc. $EEFT

Bank of New York Mellon Corp grew its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 30.2% during the second quarter, Holdings Channel.com reports. The fund owned 479,923 shares of the business services provider’s stock after purchasing an additional 111,458 shares during the quarter. Bank of New York Mellon Corp’s holdings in Euronet Worldwide were worth $48,655,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EEFT. AQR Capital Management LLC lifted its position in shares of Euronet Worldwide by 102.5% during the first quarter. AQR Capital Management LLC now owns 564,227 shares of the business services provider’s stock valued at $59,388,000 after purchasing an additional 285,564 shares in the last quarter. Voss Capital LP increased its stake in Euronet Worldwide by 30.9% in the 1st quarter. Voss Capital LP now owns 824,589 shares of the business services provider’s stock valued at $88,107,000 after buying an additional 194,589 shares during the last quarter. Reinhart Partners LLC. increased its stake in Euronet Worldwide by 21.6% in the 2nd quarter. Reinhart Partners LLC. now owns 897,910 shares of the business services provider’s stock valued at $91,032,000 after buying an additional 159,527 shares during the last quarter. Public Sector Pension Investment Board bought a new position in shares of Euronet Worldwide during the 1st quarter worth approximately $9,962,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Euronet Worldwide by 17.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 628,384 shares of the business services provider’s stock worth $67,143,000 after buying an additional 91,348 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

NASDAQ EEFT opened at $71.81 on Wednesday. The company has a market cap of $3.02 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 0.63 and a beta of 1.20. Euronet Worldwide, Inc. has a 52 week low of $71.14 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 0.84. The firm’s 50-day simple moving average is $84.89 and its two-hundred day simple moving average is $96.27.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EEFT shares. DA Davidson reaffirmed a “buy” rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, September 12th. Oppenheimer reduced their price objective on Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Euronet Worldwide in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Friday, October 24th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $117.60.

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.