Reinhart Partners LLC. Has $94.82 Million Stake in Euronet Worldwide, Inc. $EEFT

Reinhart Partners LLC. raised its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 20.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,079,798 shares of the business services provider’s stock after buying an additional 181,888 shares during the period. Euronet Worldwide comprises about 3.1% of Reinhart Partners LLC.’s holdings, making the stock its 10th largest position. Reinhart Partners LLC.’s holdings in Euronet Worldwide were worth $94,818,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Meritage Portfolio Management raised its holdings in shares of Euronet Worldwide by 18.8% in the 3rd quarter. Meritage Portfolio Management now owns 124,343 shares of the business services provider’s stock worth $10,919,000 after acquiring an additional 19,713 shares during the last quarter. Nordea Investment Management AB boosted its stake in Euronet Worldwide by 0.7% during the 3rd quarter. Nordea Investment Management AB now owns 72,647 shares of the business services provider’s stock valued at $6,339,000 after purchasing an additional 473 shares during the last quarter. First Horizon Corp bought a new stake in Euronet Worldwide during the 3rd quarter worth approximately $36,000. Bayforest Capital Ltd purchased a new stake in shares of Euronet Worldwide in the third quarter worth approximately $204,000. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Euronet Worldwide by 30.1% in the third quarter. State of Alaska Department of Revenue now owns 5,948 shares of the business services provider’s stock valued at $522,000 after purchasing an additional 1,375 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Trading Down 0.2%

Shares of EEFT stock opened at $74.57 on Friday. The company’s fifty day simple moving average is $74.53 and its two-hundred day simple moving average is $85.92. 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, Inc. has a 1 year low of $68.56 and a 1 year high of $114.25. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.58 and a beta of 0.84.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data 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. 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%. Euronet Worldwide’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business earned $3.03 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EEFT. Needham & Company LLC decreased their price target on Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, October 23rd. Wolfe Research reaffirmed an “underperform” rating and set a $80.00 price objective on shares of Euronet Worldwide in a report on Thursday, January 8th. Weiss Ratings upgraded shares of Euronet Worldwide from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Oppenheimer dropped their price target on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Finally, Keefe, Bruyette & Woods reduced 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 research report on Friday, October 24th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $111.33.

Euronet Worldwide Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.