Norges Bank acquired a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT – Free Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 451,250 shares of the business services provider’s stock, valued at approximately $34,345,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. boosted its position in Euronet Worldwide by 9,307.7% during the fourth quarter. Hillsdale Investment Management Inc. now owns 12,230 shares of the business services provider’s stock valued at $931,000 after purchasing an additional 12,100 shares in the last quarter. Fideuram Asset Management Ireland dac bought a new stake in Euronet Worldwide during the fourth quarter valued at about $394,000. King Luther Capital Management Corp boosted its position in Euronet Worldwide by 10.0% during the fourth quarter. King Luther Capital Management Corp now owns 63,630 shares of the business services provider’s stock valued at $4,843,000 after purchasing an additional 5,761 shares in the last quarter. Royce & Associates LP boosted its position in Euronet Worldwide by 2,354.0% during the fourth quarter. Royce & Associates LP now owns 198,553 shares of the business services provider’s stock valued at $15,112,000 after purchasing an additional 190,462 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its position in Euronet Worldwide by 182.1% during the fourth quarter. Clearstead Advisors LLC now owns 677 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 437 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently weighed in on EEFT. Weiss Ratings downgraded Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 2nd. DA Davidson dropped their price objective 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. Keefe, Bruyette & Woods dropped their price objective on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating on the stock in a research report on Friday, February 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 price objective on shares of Euronet Worldwide in a research report on Friday, May 22nd. Three investment 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 stock presently has an average rating of “Hold” and a consensus price target of $95.00.
Euronet Worldwide Price Performance
Shares of NASDAQ EEFT opened at $66.09 on Tuesday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $2.52 billion, a PE ratio of 9.54, a P/E/G ratio of 0.52 and a beta of 0.83. The business has a 50-day simple moving average of $69.97 and a two-hundred day simple moving average of $71.97. Euronet Worldwide, Inc. has a fifty-two week low of $63.73 and a fifty-two week high of $114.25.
Euronet Worldwide (NASDAQ:EEFT – Get Free Report) last released its earnings results on Wednesday, April 29th. The business services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $969.68 million. Euronet Worldwide had a net margin of 7.15% and a return on equity of 28.37%. Euronet Worldwide’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the business earned $1.13 EPS. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. As a group, equities analysts expect that Euronet Worldwide, Inc. will post 9.83 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Director Thomas A. Mcdonnell bought 3,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was bought 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 of the company’s stock, valued at approximately $6,701,644.53. This trade represents a 3.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.19% of the stock is owned by company insiders.
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.
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