Wasatch Advisors LP Sells 218,927 Shares of Euronet Worldwide, Inc. $EEFT

Wasatch Advisors LP cut its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 29.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 518,754 shares of the business services provider’s stock after selling 218,927 shares during the period. Wasatch Advisors LP’s holdings in Euronet Worldwide were worth $34,430,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Neo Ivy Capital Management bought a new stake in Euronet Worldwide during the 3rd quarter valued at about $1,724,000. Voss Capital LP raised its holdings in 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 worth $117,665,000 after buying an additional 535,000 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Euronet Worldwide in the third quarter worth approximately $42,813,000. Weitz Investment Management Inc. bought a new position in shares of Euronet Worldwide in the fourth quarter worth approximately $12,178,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Euronet Worldwide during the third quarter valued at approximately $2,081,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insider Buying and Selling

In other news, Director Thomas A. Mcdonnell acquired 3,000 shares of Euronet Worldwide stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average price of $66.87 per share, for a total transaction of $200,610.00. Following the completion of the transaction, the director 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 12.19% of the company’s stock.

Wall Street Analyst Weigh In

EEFT has been the subject of a number of recent 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 cut Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. Finally, DA Davidson lowered their price target on Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $95.00.

Euronet Worldwide Trading Up 5.0%

NASDAQ:EEFT opened at $70.43 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.29. Euronet Worldwide, Inc. has a 12 month low of $62.50 and a 12 month high of $107.91. The company has a market cap of $2.68 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 0.52 and a beta of 0.82. The company has a 50 day simple moving average of $69.64 and a two-hundred day simple moving average of $71.30.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.16. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $969.68 million. Euronet Worldwide had a return on equity of 28.37% and a net margin of 7.15%.The company’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.13 EPS. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Research analysts forecast that Euronet Worldwide, Inc. will post 9.83 earnings per share for the current 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.