Quantbot Technologies LP Buys New Shares in Euronet Worldwide, Inc. $EEFT

Quantbot Technologies LP bought a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 23,697 shares of the business services provider’s stock, valued at approximately $2,081,000.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in shares of Euronet Worldwide by 20.4% in the 2nd quarter. American Century Companies Inc. now owns 1,342,733 shares of the business services provider’s stock valued at $136,126,000 after buying an additional 227,597 shares during the period. AQR Capital Management LLC raised its holdings in Euronet Worldwide by 131.9% in 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 acquiring an additional 744,040 shares in the last quarter. Burgundy Asset Management Ltd. raised its holdings in Euronet Worldwide by 3.9% in the second quarter. Burgundy Asset Management Ltd. now owns 1,217,631 shares of the business services provider’s stock valued at $123,443,000 after acquiring an additional 46,205 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in Euronet Worldwide by 7.0% in the third quarter. Van Berkom & Associates Inc. now owns 1,105,348 shares of the business services provider’s stock worth $97,061,000 after acquiring an additional 72,138 shares during the last quarter. Finally, Reinhart Partners LLC. grew its holdings in Euronet Worldwide by 20.3% during the 3rd quarter. Reinhart Partners LLC. now owns 1,079,798 shares of the business services provider’s stock worth $94,818,000 after acquiring an additional 181,888 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EEFT shares. DA Davidson restated a “buy” rating and issued a $112.00 price objective on shares of Euronet Worldwide in a report on Tuesday, February 17th. Wolfe Research reissued an “underperform” rating and issued a $80.00 target price on shares of Euronet Worldwide in a report on Thursday, January 8th. Keefe, Bruyette & Woods decreased their price target on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a report on Friday, February 13th. Monness Crespi & Hardt downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Monday, January 5th. Finally, Needham & Company LLC cut their target price on Euronet Worldwide from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $96.00.

Euronet Worldwide Stock Performance

Shares of EEFT stock opened at $74.33 on Thursday. The stock’s 50-day moving average is $72.88 and its two-hundred day moving average is $79.22. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 0.57 and a beta of 0.80. Euronet Worldwide, Inc. has a 1 year low of $64.34 and a 1 year high of $114.25. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.11.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Thursday, February 12th. The business services provider reported $2.39 earnings per share for the quarter, missing the consensus estimate of $2.48 by ($0.09). The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Euronet Worldwide had a net margin of 7.33% and a return on equity of 27.22%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.08 earnings per share. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Analysts predict that Euronet Worldwide, Inc. will post 9.11 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.