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

King Luther Capital Management Corp lessened its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 3.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 73,013 shares of the business services provider’s stock after selling 2,339 shares during the quarter. King Luther Capital Management Corp’s holdings in Euronet Worldwide were worth $7,402,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of EEFT. Elequin Capital LP bought a new stake in shares of Euronet Worldwide in the 1st quarter valued at about $30,000. Geneos Wealth Management Inc. raised its stake in shares of Euronet Worldwide by 48.4% during the 1st 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 in the last quarter. Atwood & Palmer Inc. lifted 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 acquiring an additional 131 shares during the last quarter. True Wealth Design LLC boosted its stake in Euronet Worldwide by 106.4% in the second quarter. True Wealth Design LLC now owns 450 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 232 shares in the last quarter. Finally, Huntington National Bank boosted its stake in Euronet Worldwide by 35.5% in the second quarter. Huntington National Bank now owns 550 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 144 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Up 0.2%

Shares of EEFT stock opened at $72.28 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.15 and a current ratio of 1.15. Euronet Worldwide, Inc. has a fifty-two week low of $71.35 and a fifty-two week high of $114.25. The firm has a market capitalization of $3.04 billion, a PE ratio of 10.58, a P/E/G ratio of 0.63 and a beta of 1.20. The stock’s 50-day simple moving average is $85.70 and its 200-day simple moving average is $96.64.

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

Wall Street Analysts Forecast Growth

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