Fifth Third Bancorp Acquires 20,292 Shares of Euronet Worldwide, Inc. $EEFT

Fifth Third Bancorp grew its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 1,356.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,788 shares of the business services provider’s stock after acquiring an additional 20,292 shares during the quarter. Fifth Third Bancorp’s holdings in Euronet Worldwide were worth $1,446,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in EEFT. Johnson Financial Group Inc. bought a new stake in Euronet Worldwide in the third quarter worth $26,000. Danske Bank A S bought a new position in shares of Euronet Worldwide during the third quarter valued at about $26,000. Geneos Wealth Management Inc. increased its holdings in shares of Euronet Worldwide by 48.4% in 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 during the period. Kestra Advisory Services LLC purchased a new position in shares of Euronet Worldwide in the fourth quarter worth about $38,000. Finally, 1620 Investment Advisors Inc. lifted its stake in shares of Euronet Worldwide by 123.1% in the 4th quarter. 1620 Investment Advisors Inc. now owns 589 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Insiders Place Their Bets

In other Euronet Worldwide news, Director Thomas A. Mcdonnell acquired 3,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of $66.87 per share, for a total transaction of $200,610.00. Following the acquisition, the director owned 100,219 shares in the company, valued at $6,701,644.53. This represents 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. Company insiders own 12.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. DA Davidson restated a “buy” rating and set a $102.00 target price on shares of Euronet Worldwide in a report on Friday, July 10th. Needham & Company LLC reiterated a “buy” rating and issued a $85.00 price objective on shares of Euronet Worldwide in a research report on Friday, May 22nd. Finally, Weiss Ratings upgraded Euronet Worldwide from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 30th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $95.00.

Euronet Worldwide Price Performance

EEFT stock opened at $77.29 on Friday. The firm’s 50-day moving average price is $71.39 and its two-hundred day moving average price is $71.39. Euronet Worldwide, Inc. has a 12-month low of $62.50 and a 12-month high of $107.02. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 0.61 and a beta of 0.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.29.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.42 by $0.16. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $969.68 million. Euronet Worldwide had a net margin of 7.15% and a return on equity of 28.37%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm 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 predict that Euronet Worldwide, Inc. will post 9.83 earnings per share for the current 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.