Rock Creek Group LP Buys 12,500 Shares of Euronet Worldwide, Inc. $EEFT

Rock Creek Group LP raised its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 71.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the business services provider’s stock after purchasing an additional 12,500 shares during the period. Euronet Worldwide accounts for approximately 0.3% of Rock Creek Group LP’s investment portfolio, making the stock its 25th largest holding. Rock Creek Group LP’s holdings in Euronet Worldwide were worth $2,634,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EEFT. Allworth Financial LP grew its position in shares of Euronet Worldwide by 248.7% in the 2nd quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock worth $27,000 after buying an additional 189 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Euronet Worldwide by 48.4% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 109 shares in the last quarter. First Horizon Corp acquired a new stake in Euronet Worldwide in the third quarter valued at approximately $36,000. Abich Financial Wealth Management LLC purchased a new position in Euronet Worldwide in the third quarter worth $37,000. Finally, True Wealth Design LLC increased its position in shares of Euronet Worldwide by 106.4% during the second quarter. True Wealth Design LLC now owns 450 shares of the business services provider’s stock worth $46,000 after purchasing an additional 232 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Wolfe Research reissued an “underperform” rating and issued a $80.00 price objective on shares of Euronet Worldwide in a research report on Thursday, January 8th. Keefe, Bruyette & Woods decreased their price target on 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. DA Davidson restated a “buy” rating and set a $112.00 price target on shares of Euronet Worldwide in a research note on Tuesday, February 17th. Monness Crespi & Hardt lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a research report on Monday, January 5th. Finally, Weiss Ratings upgraded shares of Euronet Worldwide from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Euronet Worldwide currently has an average rating of “Hold” and a consensus price target of $96.00.

Euronet Worldwide Trading Down 0.1%

Shares of NASDAQ:EEFT opened at $70.93 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.11 and a debt-to-equity ratio of 0.78. Euronet Worldwide, Inc. has a 52-week low of $64.34 and a 52-week high of $114.25. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 10.24, a PEG ratio of 0.56 and a beta of 0.82. The business has a 50-day moving average price of $73.35 and a 200-day moving average price of $79.99.

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