Wasatch Advisors LP Sells 218,927 Shares of Euronet Worldwide, Inc. $EEFT

Wasatch Advisors LP reduced its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 29.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 518,754 shares of the business services provider’s stock after selling 218,927 shares during the quarter. Wasatch Advisors LP owned approximately 1.37% of Euronet Worldwide worth $34,430,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EEFT. Geneos Wealth Management Inc. boosted its stake in shares of Euronet Worldwide by 48.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 109 shares in the last quarter. Evergreen Capital Management LLC increased its position in shares of Euronet Worldwide by 0.4% during the second quarter. Evergreen Capital Management LLC now owns 34,035 shares of the business services provider’s stock valued at $3,450,000 after buying an additional 129 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in Euronet Worldwide by 1.8% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 8,748 shares of the business services provider’s stock worth $666,000 after buying an additional 158 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Euronet Worldwide by 1.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 10,817 shares of the business services provider’s stock worth $823,000 after buying an additional 164 shares in the last quarter. Finally, SkyView Investment Advisors LLC lifted its holdings in Euronet Worldwide by 2.6% in the second quarter. SkyView Investment Advisors LLC now owns 7,682 shares of the business services provider’s stock worth $782,000 after buying an additional 198 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EEFT has been the topic of several research reports. Weiss Ratings cut Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 2nd. Needham & Company LLC restated a “buy” rating and issued a $85.00 target price on shares of Euronet Worldwide in a research note on Friday, May 22nd. Finally, DA Davidson dropped their price target on Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $95.00.

Insider Activity

In related news, Director Thomas A. Mcdonnell purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were purchased at an average cost of $66.87 per share, with a total value of $200,610.00. Following the transaction, the director directly owned 100,219 shares in the company, valued at $6,701,644.53. This trade represents a 3.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.19% of the company’s stock.

Euronet Worldwide Stock Up 5.0%

Shares of Euronet Worldwide stock opened at $70.43 on Friday. Euronet Worldwide, Inc. has a 1 year low of $62.50 and a 1 year high of $107.91. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 0.52 and a beta of 0.82. The company has a 50-day moving average of $69.64 and a 200 day moving average of $71.30. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.28 and a quick ratio of 1.28.

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