Insider Buying: Euronet Worldwide (NASDAQ:EEFT) Director Acquires 3,000 Shares of Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) Director Thomas Mcdonnell acquired 3,000 shares of Euronet Worldwide stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased 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 in the company, valued at $6,701,644.53. The trade was a 3.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Euronet Worldwide Trading Up 1.9%

NASDAQ EEFT traded up $1.26 during trading on Tuesday, reaching $67.46. 710,471 shares of the stock traded hands, compared to its average volume of 695,693. Euronet Worldwide, Inc. has a fifty-two week low of $63.73 and a fifty-two week high of $114.25. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.29. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 0.52 and a beta of 0.83. The stock’s 50-day moving average price is $69.71 and its 200 day moving average price is $72.08.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, April 29th. The business services provider reported $1.58 earnings per share 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 company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $969.68 million. During the same period last year, the business posted $1.13 earnings per share. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Analysts predict that Euronet Worldwide, Inc. will post 9.83 EPS for the current year.

Analyst Upgrades and Downgrades

EEFT has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods decreased their target price 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. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 price target on shares of Euronet Worldwide in a research report on Friday. Weiss Ratings cut Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 2nd. Finally, DA Davidson decreased their price objective on Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $95.00.

Institutional Investors Weigh In On Euronet Worldwide

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its holdings in shares of Euronet Worldwide by 17.0% in the first quarter. Goldman Sachs Group Inc. now owns 628,384 shares of the business services provider’s stock valued at $67,143,000 after purchasing an additional 91,348 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Euronet Worldwide by 4.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,475 shares of the business services provider’s stock worth $12,980,000 after buying an additional 5,009 shares in the last quarter. Focus Partners Wealth acquired a new stake in Euronet Worldwide in the 1st quarter valued at approximately $202,000. Geneos Wealth Management Inc. raised its position in Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after buying an additional 109 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Euronet Worldwide by 422.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,631 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 1,319 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

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.