Reinhart Partners LLC. Grows Position in Euronet Worldwide, Inc. $EEFT

Reinhart Partners LLC. boosted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 24.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,348,340 shares of the business services provider’s stock after purchasing an additional 268,542 shares during the period. Euronet Worldwide makes up about 3.1% of Reinhart Partners LLC.’s portfolio, making the stock its 11th biggest position. Reinhart Partners LLC.’s holdings in Euronet Worldwide were worth $102,623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of EEFT. Goldman Sachs Group Inc. grew its position in Euronet Worldwide by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 628,384 shares of the business services provider’s stock worth $67,143,000 after purchasing an additional 91,348 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Euronet Worldwide by 4.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,475 shares of the business services provider’s stock worth $12,980,000 after purchasing an additional 5,009 shares during the last quarter. Focus Partners Wealth purchased a new stake in Euronet Worldwide during the 1st quarter worth approximately $202,000. Geneos Wealth Management Inc. grew its position in Euronet Worldwide by 48.4% during the 1st 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 during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Euronet Worldwide by 422.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,631 shares of the business services provider’s stock worth $165,000 after purchasing an additional 1,319 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT opened at $71.66 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.29. Euronet Worldwide, Inc. has a 12 month low of $63.73 and a 12 month high of $114.25. The company has a 50 day simple moving average of $69.82 and a two-hundred day simple moving average of $72.02. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 0.58 and a beta of 0.82.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.42 by $0.16. Euronet Worldwide had a net margin of 7.15% and a return on equity of 28.37%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $969.68 million. During the same period in the previous year, the business posted $1.13 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. As a group, analysts predict that Euronet Worldwide, Inc. will post 9.83 earnings per share for the current year.

Insider Activity

In other news, Director Thomas A. Mcdonnell bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $66.87 per share, for a total transaction of $200,610.00. Following the purchase, the director directly owned 100,219 shares in the company, valued at approximately $6,701,644.53. This trade represents a 3.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EEFT. Needham & Company LLC reissued a “buy” rating and set a $85.00 target price on shares of Euronet Worldwide in a research report on Friday, May 22nd. Weiss Ratings cut shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. DA Davidson decreased their price objective on shares of Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a research note on Friday, February 13th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Euronet Worldwide currently has an average rating of “Hold” and a consensus target price of $95.00.

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.