Rock Creek Group LP Raises Position in Euronet Worldwide, Inc. $EEFT

Rock Creek Group LP grew its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 233.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the business services provider’s stock after purchasing an additional 70,000 shares during the quarter. Euronet Worldwide makes up 0.8% of Rock Creek Group LP’s investment portfolio, making the stock its 20th largest position. Rock Creek Group LP’s holdings in Euronet Worldwide were worth $7,611,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. raised its holdings in shares of 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 purchasing an additional 109 shares in the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Euronet Worldwide by 0.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 34,035 shares of the business services provider’s stock valued at $3,450,000 after purchasing an additional 129 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Euronet Worldwide by 1.8% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 8,748 shares of the business services provider’s stock valued at $666,000 after purchasing an additional 158 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Euronet Worldwide by 1.5% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,817 shares of the business services provider’s stock valued at $823,000 after purchasing an additional 164 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Euronet Worldwide by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 12,146 shares of the business services provider’s stock valued at $1,067,000 after purchasing an additional 168 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Thomas A. Mcdonnell purchased 3,000 shares of the business’s 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 of the company’s stock, valued at $6,701,644.53. The trade was a 3.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.19% of the stock is owned by corporate insiders.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT opened at $72.53 on Friday. The company’s fifty day moving average price is $69.69 and its 200 day moving average price is $72.01. Euronet Worldwide, Inc. has a 12 month low of $63.73 and a 12 month high of $114.25. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $2.76 billion, a P/E ratio of 10.47, a P/E/G ratio of 0.55 and a beta of 0.83.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.58 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 firm 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 earned $1.13 EPS. Euronet Worldwide’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. As a group, sell-side analysts predict that Euronet Worldwide, Inc. will post 9.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EEFT has been the topic of a number of analyst reports. Needham & Company LLC restated a “buy” rating and issued a $85.00 price objective on shares of Euronet Worldwide in a report on Friday, May 22nd. Weiss Ratings lowered shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. Keefe, Bruyette & Woods cut their price target on shares of Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating on the stock in a research note on Friday, February 13th. Finally, DA Davidson cut their price target on shares of Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Euronet Worldwide has a consensus rating of “Hold” and a consensus price target of $95.00.

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.