Voss Capital Reduced Its Stake in Euronet Worldwide (EEFT) in Q3

Voss Capital, LLC, an investment management company, released its third-quarter 2025 investor letter. A copy of the letter can be downloaded here. Voss Capital’s funds, Voss Value Fund, LP, and the Voss Value Offshore Fund, Ltd returned +5.0% and +4.9% to investors net of fees and expenses respectively, in the third quarter compared to a +12.4% return for the Russell 2000 Index, +12.6% return for the Russell 2000 Value Index, and +8.3% return for the S&P 500 Index. The Voss Value Master Fund’s total gross exposure stood at 205.4% and the net long exposure was 95.8% as of September 30, 2025. The weight of the fund’s top 10 longs was 77.8% and the top 10 shorts were -43.5%. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its third-quarter 2025 investor letter, Voss Capital highlighted stocks such as Euronet Worldwide, Inc. (NASDAQ:EEFT). Headquartered in Leawood, Kansas, Euronet Worldwide, Inc. (NASDAQ:EEFT) is a payment and transaction processing and distribution solutions provider. The one-month return of Euronet Worldwide, Inc. (NASDAQ:EEFT) was 1.68%, and its shares lost 29.34% of their value over the last 52 weeks. On December 01, 2025, Euronet Worldwide, Inc. (NASDAQ:EEFT) stock closed at $74.52 per share, with a market capitalization of $3.133 billion.

Voss Capital stated the following regarding Euronet Worldwide, Inc. (NASDAQ:EEFT) in its third quarter 2025 investor letter:

“Euronet Worldwide, Inc. (NASDAQ:EEFT) has been another material performance detractor for Voss YTD. We reduced our position to harvest some tax losses following a disappointing third quarter that invalidated some pillars of our original thesis. While we previously viewed the company as a mispriced “growth-at-a-reasonable-price” story supported by a diverse portfolio with an A+ management team, recent results reveal weakness across all segments coupled with a lack of visibility into near-term growth drivers. A resumption of buybacks and an analyst day early in 2026 after reporting Q4 results are desperately needed catalysts.

Our constructive view of the stock has been predicated upon the resilience of Euronet’s diversified payments model and the latent value of its growth initiatives (REN, Dandelion, Merchant Services). However, Q3 results threw some shade on this narrative. While we expected that EEFT’s segment diversity would smoothen volatility, all three segments underperformed. ePay revenue declined 5% on a constant currency basis, a material negative surprise, while the Money Transfer segment struggled with margin pressures and lackluster growth, though still handily outperforming peers such as Intermex…” (Click here to read the full text)

Euronet Worldwide, Inc. (NASDAQ:EEFT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 30 hedge fund portfolios held Euronet Worldwide, Inc. (NASDAQ:EEFT) at the end of the third quarter, which was 32 in the previous quarter. While we acknowledge the risk and potential of Euronet Worldwide, Inc. (NASDAQ:EEFT) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Euronet Worldwide, Inc. (NASDAQ:EEFT) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Euronet Worldwide, Inc. (NASDAQ:EEFT) and shared a bullish thesis on the company. In addition, please check out our hedge fund investor letters Q3 2025 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.