Clearbridge Investments LLC Acquires 39,884 Shares of Euronet Worldwide, Inc. $EEFT

Clearbridge Investments LLC raised its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 31.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 167,291 shares of the business services provider’s stock after purchasing an additional 39,884 shares during the quarter. Clearbridge Investments LLC’s holdings in Euronet Worldwide were worth $12,733,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EEFT. Goldman Sachs Group Inc. increased its stake in shares of Euronet Worldwide by 17.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 628,384 shares of the business services provider’s stock valued at $67,143,000 after buying an additional 91,348 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Euronet Worldwide by 4.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,475 shares of the business services provider’s stock valued at $12,980,000 after buying an additional 5,009 shares during the period. Focus Partners Wealth acquired a new stake in shares of Euronet Worldwide in the 1st quarter valued at $202,000. Geneos Wealth Management Inc. increased its stake in shares of Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after buying an additional 109 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Euronet Worldwide by 422.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,631 shares of the business services provider’s stock valued at $165,000 after buying an additional 1,319 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on EEFT. Keefe, Bruyette & Woods lowered their target price on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a research note on Friday, February 13th. DA Davidson lowered their target price on Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Needham & Company LLC reissued a “buy” rating and issued a $85.00 target price on shares of Euronet Worldwide in a research note on Friday, May 22nd. Finally, Weiss Ratings cut Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. Three 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $95.00.

Insider Activity at Euronet Worldwide

In other news, Director Thomas A. Mcdonnell purchased 3,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were bought at an average cost of $66.87 per share, for a total transaction of $200,610.00. Following the completion of the acquisition, the director directly owned 100,219 shares in the company, valued at approximately $6,701,644.53. This trade represents a 3.09% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.19% of the stock is currently owned by company insiders.

Euronet Worldwide Stock Down 2.5%

NASDAQ:EEFT opened at $64.01 on Thursday. Euronet Worldwide, Inc. has a 1 year low of $63.73 and a 1 year high of $114.25. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.29. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.51 and a beta of 0.82. The stock has a 50-day moving average price of $69.94 and a two-hundred day moving average price of $71.90.

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