Victory Capital Management Inc. Lowers Holdings in Euronet Worldwide, Inc. $EEFT

Victory Capital Management Inc. reduced its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 9.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 466,001 shares of the business services provider’s stock after selling 50,733 shares during the period. Victory Capital Management Inc.’s holdings in Euronet Worldwide were worth $40,920,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP raised its position in shares of Euronet Worldwide by 248.7% in the second quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock worth $27,000 after buying an additional 189 shares in the last quarter. First Horizon Corp purchased a new position in Euronet Worldwide during the third quarter worth about $36,000. Geneos Wealth Management Inc. grew its position in Euronet Worldwide by 48.4% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after buying an additional 109 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in Euronet Worldwide in the 3rd quarter worth about $37,000. Finally, True Wealth Design LLC increased its stake in Euronet Worldwide by 106.4% in the 2nd quarter. True Wealth Design LLC now owns 450 shares of the business services provider’s stock worth $46,000 after acquiring an additional 232 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EEFT. Monness Crespi & Hardt downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating in a research report on Monday, January 5th. Needham & Company LLC decreased their price objective on shares of Euronet Worldwide from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Wolfe Research reaffirmed an “underperform” rating and issued a $80.00 target price on shares of Euronet Worldwide in a research note on Thursday, January 8th. Weiss Ratings lowered shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Finally, DA Davidson set a $112.00 price target on shares of Euronet Worldwide in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $96.00.

Euronet Worldwide Price Performance

EEFT opened at $73.33 on Friday. The stock has a 50-day moving average price of $72.76 and a 200-day moving average price of $78.92. Euronet Worldwide, Inc. has a 12-month low of $64.34 and a 12-month 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 capitalization of $2.88 billion, a P/E ratio of 10.58, a PEG ratio of 0.58 and a beta of 0.80.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, February 12th. The business services provider reported $2.39 EPS for the quarter, missing the consensus estimate of $2.48 by ($0.09). The firm 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%. Euronet Worldwide’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.08 earnings per share. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Equities analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Euronet Worldwide Company 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.