Is Euronet Worldwide (EEFT) a Safe Investment for the Long-Term?

Polen Capital, an investment management company, released its “Polen U.S. SMID Company Growth Strategy” third-quarter 2022 investor letter. A copy of the same can be downloaded here. The portfolio returned 1.44% net of fees in the third quarter compared to -0.12% return for the Russell 2500 Growth Index. Stock selection is a significant factor in the strategy’s outperformance in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Polen Capital discussed stocks like Euronet Worldwide, Inc. (NASDAQ:EEFT) in the Q3 2022 investor letter. Headquartered in Leawood, Kansas, Euronet Worldwide, Inc. (NASDAQ:EEFT) is a payment, transaction processing, and distribution solutions provider. On October 26, 2022, Euronet Worldwide, Inc. (NASDAQ:EEFT) stock closed at $82.53 per share. One-month return of Euronet Worldwide, Inc. (NASDAQ:EEFT) was 6.83% and its shares lost 27.67% of their value over the last 52 weeks. Euronet Worldwide, Inc. (NASDAQ:EEFT) has a market capitalization of $4.092 billion.

Polen Capital made the following comment about Euronet Worldwide, Inc. (NASDAQ:EEFT) in its Q3 2022 investor letter:

“The activity this quarter included two new initiations along with modest adds and trims to existing positions. During this period, we initiated new positions in Euronet Worldwide, Inc. (NASDAQ:EEFT) and Bumble.

Euronet is a technology company in the financial services space. It is an industry leader in providing secure electronic financial transaction solutions through ATM operations and outsourcing, the second larger global money transfer business, and digital payment solutions. We previously owned the company and sold it during the pandemic due to acute concerns that drove a wider range of outcomes. Those concerns have been resolved and we believe the company remains extremely well-positioned for the long term. While macro uncertainties and currency fluctuations create a nearterm headwind reflected in the depressed valuation, we believe Euronet should be able to able to deliver low double-digit topline growth and sustain solid margins and cash flow while continuing to buy back stock and do accretive M&A.”


Euronet Worldwide, Inc. (NASDAQ:EEFT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 32 hedge fund portfolios held Euronet Worldwide, Inc. (NASDAQ:EEFT) at the end of the second quarter which was 31 in the previous quarter.

We discussed Euronet Worldwide, Inc. (NASDAQ:EEFT) in another article and shared the list of stocks that can crash after the Federal Reserve’s latest rate hike. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.


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Disclosure: None. This article is originally published at Insider Monkey.