Neo Ivy Capital Management Purchases Shares of 19,628 Euronet Worldwide, Inc. $EEFT

Neo Ivy Capital Management acquired a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the third quarter, Holdings Channel.com reports. The fund acquired 19,628 shares of the business services provider’s stock, valued at approximately $1,724,000.

Several other large investors have also modified their holdings of EEFT. American Century Companies Inc. grew its holdings in shares of Euronet Worldwide by 29.7% in the 3rd quarter. American Century Companies Inc. now owns 1,741,996 shares of the business services provider’s stock worth $152,965,000 after acquiring an additional 399,263 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Euronet Worldwide by 131.9% during the second quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock worth $132,632,000 after purchasing an additional 744,040 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in shares of Euronet Worldwide by 3.9% during the second quarter. Burgundy Asset Management Ltd. now owns 1,217,631 shares of the business services provider’s stock valued at $123,443,000 after purchasing an additional 46,205 shares during the last quarter. Van Berkom & Associates Inc. boosted its position in shares of Euronet Worldwide by 7.0% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,105,348 shares of the business services provider’s stock valued at $97,061,000 after purchasing an additional 72,138 shares during the period. Finally, Reinhart Partners LLC. boosted its position in shares of Euronet Worldwide by 20.3% in the 3rd quarter. Reinhart Partners LLC. now owns 1,079,798 shares of the business services provider’s stock valued at $94,818,000 after purchasing an additional 181,888 shares during the period. 91.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings downgraded Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Keefe, Bruyette & Woods decreased their target price on shares of Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a report on Friday, February 13th. Monness Crespi & Hardt downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a research report on Monday, January 5th. Needham & Company LLC cut their price target on shares of Euronet Worldwide from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Finally, Wolfe Research restated an “underperform” rating and issued a $80.00 price target on shares of Euronet Worldwide in a research report on Thursday, January 8th. Four 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $96.00.

Euronet Worldwide Trading Down 1.2%

NASDAQ:EEFT opened at $73.33 on Friday. The stock has a market cap of $2.88 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 0.59 and a beta of 0.80. Euronet Worldwide, Inc. has a fifty-two week low of $64.34 and a fifty-two week high of $114.25. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.11 and a quick ratio of 1.11. The stock’s 50-day moving average is $72.76 and its two-hundred day moving average is $79.03.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, February 12th. The business services provider reported $2.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.09). The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Euronet Worldwide had a return on equity of 27.22% and a net margin of 7.33%.Euronet Worldwide’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $2.08 earnings per share. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. As a group, equities research analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

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.