Rice Hall James & Associates LLC Lowers Stock Position in Euronet Worldwide, Inc. $EEFT

Rice Hall James & Associates LLC lowered its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 23.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 238,009 shares of the business services provider’s stock after selling 74,309 shares during the period. Euronet Worldwide comprises approximately 1.1% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 25th biggest position. Rice Hall James & Associates LLC owned approximately 0.58% of Euronet Worldwide worth $20,900,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Allworth Financial LP grew its position in shares of Euronet Worldwide by 248.7% during the 2nd quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 189 shares during the period. Geneos Wealth Management Inc. boosted its position in Euronet Worldwide by 48.4% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after purchasing an additional 109 shares in the last quarter. Atwood & Palmer Inc. grew its holdings in Euronet Worldwide by 43.7% in the second quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 131 shares during the period. True Wealth Design LLC increased its position in shares of 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 buying an additional 232 shares in the last quarter. Finally, Huntington National Bank raised its stake in shares of Euronet Worldwide by 35.5% during the 2nd quarter. Huntington National Bank now owns 550 shares of the business services provider’s stock worth $56,000 after buying an additional 144 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Trading Down 0.9%

EEFT opened at $76.56 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.15. The company’s 50 day simple moving average is $75.75 and its two-hundred day simple moving average is $88.98. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 0.68 and a beta of 0.86. Euronet Worldwide, Inc. has a 1-year low of $68.56 and a 1-year high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, October 23rd. The business services provider reported $3.62 EPS for the quarter, topping 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 the consensus estimate of $1.20 billion. During the same quarter last year, the business posted $3.03 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on EEFT shares. Oppenheimer reduced their price objective on shares of Euronet Worldwide from $134.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, October 17th. Wall Street Zen lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Keefe, Bruyette & Woods cut their price objective on Euronet Worldwide from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Friday, October 24th. DA Davidson reissued a “buy” rating and set a $130.00 target price on shares of Euronet Worldwide in a report on Friday, September 12th. Finally, Weiss Ratings downgraded Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.60.

About Euronet Worldwide

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.