Perbak Capital Partners LLP Grows Position in Euronet Worldwide, Inc. $EEFT

Perbak Capital Partners LLP increased its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 94.5% in the third quarter, Holdings Channel.com reports. The fund owned 15,548 shares of the business services provider’s stock after purchasing an additional 7,554 shares during the period. Perbak Capital Partners LLP’s holdings in Euronet Worldwide were worth $1,365,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. American Century Companies Inc. increased its holdings in Euronet Worldwide by 29.7% in the 3rd quarter. American Century Companies Inc. now owns 1,741,996 shares of the business services provider’s stock valued at $152,965,000 after acquiring an additional 399,263 shares during the last quarter. AQR Capital Management LLC lifted its stake in Euronet Worldwide by 131.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock worth $132,632,000 after purchasing an additional 744,040 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of Euronet Worldwide by 3.9% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,217,631 shares of the business services provider’s stock valued at $123,443,000 after purchasing an additional 46,205 shares during the last quarter. Van Berkom & Associates Inc. grew its position in shares of Euronet Worldwide by 7.0% during the third quarter. Van Berkom & Associates Inc. now owns 1,105,348 shares of the business services provider’s stock valued at $97,061,000 after purchasing an additional 72,138 shares in the last quarter. Finally, Reinhart Partners LLC. grew its position in shares of Euronet Worldwide by 20.3% during the third quarter. Reinhart Partners LLC. now owns 1,079,798 shares of the business services provider’s stock valued at $94,818,000 after purchasing an additional 181,888 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EEFT has been the topic of several research reports. DA Davidson set a $112.00 target price on Euronet Worldwide in a report on Thursday, March 5th. Needham & Company LLC cut their price target on Euronet Worldwide from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Monness Crespi & Hardt downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. Keefe, Bruyette & Woods decreased their price objective on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating on the stock in a report on Friday, February 13th. Finally, Wolfe Research reiterated an “underperform” rating and set a $80.00 target price on shares of Euronet Worldwide in a research report on Thursday, January 8th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $96.00.

Euronet Worldwide Stock Performance

Euronet Worldwide stock opened at $71.13 on Friday. The company’s 50-day moving average price is $72.44 and its 200-day moving average price is $78.22. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.78. The company has a market cap of $2.80 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.57 and a beta of 0.80. Euronet Worldwide, Inc. has a twelve month low of $64.34 and a twelve month high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results 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). Euronet Worldwide had a return on equity of 27.22% and a net margin of 7.33%.The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the business posted $2.08 EPS. The company’s revenue was up 5.9% on a year-over-year basis. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. On average, equities research analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

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.