Euronet Worldwide (NASDAQ:EEFT) Receives Buy Rating from DA Davidson

DA Davidson reissued their buy rating on shares of Euronet Worldwide (NASDAQ:EEFT) in a research note issued to investors on Friday morning,Benzinga reports. DA Davidson currently has a $102.00 target price on the business services provider’s stock.

EEFT has been the topic of several other research reports. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 price target on shares of Euronet Worldwide in a research note on Friday, May 22nd. Weiss Ratings upgraded Euronet Worldwide from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 30th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $95.00.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock traded up $0.59 on Friday, reaching $77.29. 340,176 shares of the stock were exchanged, compared to its average volume of 690,941. The firm’s 50 day moving average is $69.75 and its 200-day moving average is $71.27. Euronet Worldwide has a one year low of $62.50 and a one year high of $107.02. 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 firm has a market cap of $2.94 billion, a PE ratio of 11.15, a P/E/G ratio of 0.60 and a beta of 0.83.

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

Insiders Place Their Bets

In related news, Director Thomas A. Mcdonnell bought 3,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were purchased at an average price of $66.87 per share, with a total value of $200,610.00. Following the completion of the purchase, the director owned 100,219 shares in the company, valued at $6,701,644.53. This represents a 3.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 12.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Tudor Investment Corp ET AL bought a new stake in Euronet Worldwide during the 3rd quarter worth $42,813,000. Bank of Montreal Can boosted its stake 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 valued at $151,739,000 after purchasing an additional 1,800,837 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Euronet Worldwide by 131.9% during 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 in the last quarter. Turtle Creek Asset Management Inc. grew its holdings in shares of Euronet Worldwide by 44.9% during the first quarter. Turtle Creek Asset Management Inc. now owns 1,847,040 shares of the business services provider’s stock worth $122,588,000 after purchasing an additional 572,194 shares during the last quarter. Finally, Voss Capital LP increased its stake in shares of Euronet Worldwide by 66.5% in the third quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock valued at $117,665,000 after buying an additional 535,000 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Company 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.