New York-based Value Holdings Management purchased 98,289 shares of Euronet Worldwide, Inc. in Q4, totaling $7.66 million based on average prices. The stake value rose by $6.33 million post-transaction, resulting in 196,412 shares valued at $14.95 million. The company offers payment solutions, ATM management, and more globally, generating revenue through fees and commissions. Euronet operates with a global footprint and consistent revenue streams, with EEFT shares currently priced at $74.03. The recent buy signals confidence in earnings durability, fitting the fund’s portfolio construction.

The SEC filing revealed the increase in Value Holdings Management’s stake in Euronet Worldwide, with the recent buy reflecting confidence in earnings durability. The company’s most recent quarter showed revenue growth of 4% YoY, with cash reserves exceeding $1.1 billion. Despite underperforming the S&P 500, Euronet continues to expand volumes and expects adjusted EPS growth of 12-16%. The buy aligns with the fund’s focus on operational leverage and underscores confidence in Euronet’s long-term prospects.

Read more at Yahoo Finance: This Payments Stock Is Down 24% but One Value Fund Just Lifted Its Bet on Shares to $15 Million