Brighton Jones LLC Takes $293,000 Position in Euronet Worldwide, Inc. $EEFT

Brighton Jones LLC purchased a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,894 shares of the business services provider’s stock, valued at approximately $293,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EEFT. Elequin Capital LP purchased a new stake in shares of Euronet Worldwide during the first quarter valued at approximately $30,000. Geneos Wealth Management Inc. raised its holdings in Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after buying an additional 109 shares during the last quarter. Atwood & Palmer Inc. raised its holdings in Euronet Worldwide by 43.7% during the 2nd quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider’s stock valued at $44,000 after buying an additional 131 shares during the last quarter. UMB Bank n.a. boosted its position in Euronet Worldwide by 46.2% during the 2nd quarter. UMB Bank n.a. now owns 658 shares of the business services provider’s stock valued at $67,000 after buying an additional 208 shares during the period. Finally, LRI Investments LLC boosted its position in Euronet Worldwide by 26.7% during the 2nd quarter. LRI Investments LLC now owns 1,540 shares of the business services provider’s stock valued at $156,000 after buying an additional 325 shares during the period. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $75.50 on Friday. Euronet Worldwide, Inc. has a 1 year low of $75.44 and a 1 year high of $114.25. The stock has a market capitalization of $3.10 billion, a P/E ratio of 11.05, a P/E/G ratio of 0.63 and a beta of 1.21. The company’s 50-day moving average is $88.29 and its 200 day moving average is $97.51. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.15.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, October 23rd. The business services provider reported $3.62 earnings per share for the quarter, beating the consensus estimate of $3.58 by $0.04. Euronet Worldwide had a return on equity of 27.63% and a net margin of 7.27%.The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the previous year, the firm posted $3.03 EPS. The business’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. On average, sell-side analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analyst Ratings Changes

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