Euronet Worldwide, Inc. $EEFT Shares Acquired by Meritage Portfolio Management

Meritage Portfolio Management grew its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 18.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 124,343 shares of the business services provider’s stock after purchasing an additional 19,713 shares during the quarter. Meritage Portfolio Management owned 0.30% of Euronet Worldwide worth $10,919,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EEFT. Allworth Financial LP boosted its position in Euronet Worldwide by 248.7% in the 2nd quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock valued at $27,000 after buying an additional 189 shares during the period. First Horizon Corp acquired a new stake in shares of Euronet Worldwide in the third quarter valued at $36,000. Geneos Wealth Management Inc. raised its stake in shares of 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. True Wealth Design LLC grew its stake in Euronet Worldwide by 106.4% during the 2nd 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. Finally, Huntington National Bank increased its holdings in Euronet Worldwide by 35.5% during the 2nd quarter. Huntington National Bank now owns 550 shares of the business services provider’s stock worth $56,000 after purchasing an additional 144 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Trading Up 3.9%

NASDAQ EEFT opened at $74.77 on Thursday. The firm’s fifty day moving average price is $74.43 and its 200 day moving average price is $86.18. Euronet Worldwide, Inc. has a 12 month low of $68.56 and a 12 month high of $114.25. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 0.55 and a beta of 0.84.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Thursday, October 23rd. The business services provider reported $3.62 earnings per share for the quarter, topping the consensus estimate of $3.58 by $0.04. Euronet Worldwide had a net margin of 7.27% and a return on equity of 27.63%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the firm earned $3.03 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. On average, sell-side analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Monness Crespi & Hardt cut Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Weiss Ratings upgraded shares of Euronet Worldwide from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. 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. Wall Street Zen cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Needham & Company LLC lowered their target price on shares of Euronet Worldwide from $120.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, October 23rd. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $111.33.

About Euronet Worldwide

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.