Neo Ivy Capital Management Buys New Stake in Euronet Worldwide, Inc. $EEFT

Neo Ivy Capital Management bought a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,628 shares of the business services provider’s stock, valued at approximately $1,724,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. American Century Companies Inc. grew its stake in shares of Euronet Worldwide by 29.7% in the third quarter. American Century Companies Inc. now owns 1,741,996 shares of the business services provider’s stock worth $152,965,000 after purchasing an additional 399,263 shares in the last quarter. AQR Capital Management LLC raised 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. Burgundy Asset Management Ltd. lifted 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 worth $123,443,000 after purchasing an additional 46,205 shares during the period. Van Berkom & Associates Inc. lifted its holdings 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 purchasing an additional 72,138 shares during the period. Finally, Reinhart Partners LLC. grew its position in Euronet Worldwide by 20.3% in the 3rd quarter. Reinhart Partners LLC. now owns 1,079,798 shares of the business services provider’s stock valued at $94,818,000 after buying an additional 181,888 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock opened at $73.33 on Friday. Euronet Worldwide, Inc. has a 52 week low of $64.34 and a 52 week high of $114.25. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The stock has a market cap of $2.88 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 0.59 and a beta of 0.80. The company’s 50-day moving average price is $72.76 and its two-hundred day moving average price is $79.03.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data 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 business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Euronet Worldwide had a net margin of 7.33% and a return on equity of 27.22%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $2.08 EPS. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. As a group, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wolfe Research reissued an “underperform” rating and set a $80.00 target price on shares of Euronet Worldwide in a research note on Thursday, January 8th. Weiss Ratings cut shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Monness Crespi & Hardt lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Needham & Company LLC dropped their target price on Euronet Worldwide from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Finally, Keefe, Bruyette & Woods cut their target price on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a research report on Friday, February 13th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Euronet Worldwide has a consensus rating of “Hold” and an average price target of $96.00.

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.