Euronet Worldwide, Inc. $EEFT Position Reduced by Norwood Investment Partners LP

Norwood Investment Partners LP trimmed its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 24.8% during the fourth quarter, Holdings Channel reports. The firm owned 51,500 shares of the business services provider’s stock after selling 17,000 shares during the quarter. Euronet Worldwide comprises approximately 4.4% of Norwood Investment Partners LP’s holdings, making the stock its 8th biggest position. Norwood Investment Partners LP’s holdings in Euronet Worldwide were worth $3,920,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Neo Ivy Capital Management purchased a new stake in Euronet Worldwide during the third quarter worth $1,724,000. Voss Capital LP boosted its position in Euronet Worldwide by 66.5% during the third quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock worth $117,665,000 after purchasing an additional 535,000 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in Euronet Worldwide during the third quarter worth $42,813,000. Weitz Investment Management Inc. purchased a new stake in shares of Euronet Worldwide in the fourth quarter valued at $12,178,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Euronet Worldwide in the third quarter valued at $2,081,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on EEFT shares. Needham & Company LLC restated a “buy” rating and issued a $85.00 price objective on shares of Euronet Worldwide in a research report on Friday, May 22nd. DA Davidson reduced their price objective on Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Weiss Ratings downgraded Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 2nd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $95.00.

Insider Activity at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of $66.87 per share, for a total transaction of $200,610.00. Following the acquisition, the director directly owned 100,219 shares in the company, valued at approximately $6,701,644.53. The trade was a 3.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 12.19% of the stock is currently owned by corporate insiders.

Euronet Worldwide Stock Up 1.0%

Shares of NASDAQ:EEFT opened at $67.55 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.29. Euronet Worldwide, Inc. has a 52-week low of $62.50 and a 52-week high of $107.91. The stock’s fifty day simple moving average is $70.07 and its 200-day simple moving average is $71.72. The company has a market capitalization of $2.57 billion, a P/E ratio of 9.75, a P/E/G ratio of 0.52 and a beta of 0.82.

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