Formula Growth Ltd. Invests $951,000 in Euronet Worldwide, Inc. $EEFT

Formula Growth Ltd. bought a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,000 shares of the business services provider’s stock, valued at approximately $951,000.

A number of other institutional investors and hedge funds have also bought and sold shares of EEFT. BlackRock Inc. bought a new position in Euronet Worldwide in the 2nd quarter valued at about $244,726,000. Bank of Montreal Can boosted its holdings in shares of Euronet Worldwide by 933.8% during the fourth quarter. Bank of Montreal Can now owns 1,993,682 shares of the business services provider’s stock worth $151,739,000 after acquiring an additional 1,800,837 shares during the period. Jupiter Topco LLC acquired a new position in shares of Euronet Worldwide in the second quarter valued at approximately $98,213,000. AQR Capital Management LLC grew its position in shares of Euronet Worldwide by 131.9% in the second quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock valued at $132,632,000 after purchasing an additional 744,040 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. grew its position in shares of Euronet Worldwide by 44.9% in the first quarter. Turtle Creek Asset Management Inc. now owns 1,847,040 shares of the business services provider’s stock valued at $122,588,000 after purchasing an additional 572,194 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide News Roundup

Here are the key news stories impacting Euronet Worldwide this week:

• Positive Sentiment: Northland Securities raised its Q4 2026 EPS forecast to $2.20 from $2.10 and projects FY2027 EPS of $10.62, above the current-year consensus estimate of $9.55. This points to potential earnings acceleration beyond 2026. Northland Securities Euronet earnings estimates
• Positive Sentiment: Coverage has highlighted Euronet’s payment growth prospects, suggesting that expanding electronic payments and transaction volumes remain important potential catalysts for the business. Euronet Worldwide Puts Payment Growth in Focus
• Neutral Sentiment: Analysts maintain a consensus “Hold” rating, indicating limited conviction that the shares will outperform in the near term. Euronet Worldwide Receives Consensus Hold Rating
• Negative Sentiment: Wolfe Research lowered its expectations for Euronet’s stock price, adding valuation pressure. Northland also reduced its Q3 2026 EPS forecast to $3.45 from $3.55, signaling softer near-term earnings expectations. The caution is notable following Euronet’s most recent quarterly EPS miss, when results came in at $2.82 versus the $2.93 consensus, although revenue still grew 3.2% year over year. Wolfe Research Lowers Euronet Worldwide Stock Price Expectations

Wall Street Analyst Weigh In

EEFT has been the subject of several research reports. Weiss Ratings cut Euronet Worldwide from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. DA Davidson reaffirmed a “buy” rating and issued a $102.00 price objective on shares of Euronet Worldwide in a report on Friday, July 10th. Needham & Company LLC increased their price objective on Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Wolfe Research dropped their target price on Euronet Worldwide from $75.00 to $70.00 and set an “underperform” rating for the company in a report on Tuesday. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Euronet Worldwide has an average rating of “Hold” and a consensus price target of $94.00.

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $68.53 on Friday. The stock has a fifty day moving average price of $74.06 and a 200-day moving average price of $71.35. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 0.57 and a beta of 0.82. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.37 and a current ratio of 1.37. Euronet Worldwide, Inc. has a fifty-two week low of $62.50 and a fifty-two week high of $94.90.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.11). Euronet Worldwide had a return on equity of 28.60% and a net margin of 6.63%.Euronet Worldwide’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.56 earnings per share. As a group, equities analysts anticipate that Euronet Worldwide, Inc. will post 9.55 EPS 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.