Connors Investor Services Inc. Buys 23,275 Shares of Euronet Worldwide, Inc. $EEFT

Connors Investor Services Inc. boosted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1,163.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,275 shares of the business services provider’s stock after purchasing an additional 23,275 shares during the period. Connors Investor Services Inc.’s holdings in Euronet Worldwide were worth $2,562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Euronet Worldwide by 0.3% during the first quarter. Principal Financial Group Inc. now owns 95,039 shares of the business services provider’s stock valued at $10,155,000 after purchasing an additional 280 shares during the period. GAMMA Investing LLC lifted its position in Euronet Worldwide by 99.9% during the first quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 953 shares during the period. Asset Management One Co. Ltd. lifted its position in Euronet Worldwide by 211.6% during the first quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider’s stock valued at $213,000 after purchasing an additional 1,352 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in Euronet Worldwide during the first quarter valued at approximately $1,400,000. Finally, Blueshift Asset Management LLC bought a new position in Euronet Worldwide during the first quarter valued at approximately $597,000. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT opened at $88.64 on Thursday. The firm has a fifty day moving average price of $90.16 and a 200-day moving average price of $98.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $3.63 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.72 and a beta of 1.21. Euronet Worldwide, Inc. has a 1 year low of $82.18 and a 1 year high of $114.25.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EEFT. Wall Street Zen downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Oppenheimer reduced their target price on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Euronet Worldwide in a report on Wednesday, October 8th. DA Davidson reaffirmed a “buy” rating and set a $130.00 target price on shares of Euronet Worldwide in a report on Friday, September 12th. Finally, 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 report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.60.

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.