Weitz Investment Management Inc. Makes New Investment in Euronet Worldwide, Inc. $EEFT

Weitz Investment Management Inc. bought a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 160,000 shares of the business services provider’s stock, valued at approximately $12,178,000.

Several other hedge funds have also made changes to their positions in the company. CSM Advisors LLC lifted its holdings in shares of Euronet Worldwide by 5.3% in the 4th quarter. CSM Advisors LLC now owns 50,727 shares of the business services provider’s stock worth $3,862,000 after buying an additional 2,532 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Euronet Worldwide in the 4th quarter worth $483,000. Fox Run Management L.L.C. purchased a new stake in shares of Euronet Worldwide in the 4th quarter worth $682,000. Franklin Resources Inc. purchased a new stake in shares of Euronet Worldwide in the 4th quarter worth $220,000. Finally, CenterBook Partners LP purchased a new stake in shares of Euronet Worldwide in the 4th quarter worth $2,474,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,000 shares of Euronet Worldwide stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average cost of $66.87 per share, with a total value of $200,610.00. Following the transaction, the director directly owned 100,219 shares of the company’s stock, valued at approximately $6,701,644.53. This represents a 3.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.19% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in 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 report on Friday, February 13th. Needham & Company LLC restated a “buy” rating and set a $85.00 price objective on shares of Euronet Worldwide in a research note on Friday, May 22nd. DA Davidson decreased their price objective 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. 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 research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Euronet Worldwide presently has a consensus rating of “Hold” and a consensus price target of $95.00.

Euronet Worldwide Trading Up 3.2%

Shares of NASDAQ:EEFT opened at $66.07 on Friday. The business’s 50-day moving average is $69.93 and its 200 day moving average is $71.84. Euronet Worldwide, Inc. has a 1 year low of $62.50 and a 1 year high of $112.94. The firm has a market capitalization of $2.52 billion, a P/E ratio of 9.53, a P/E/G ratio of 0.50 and a beta of 0.82. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.28 and a quick ratio of 1.28.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results 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. Euronet Worldwide had a return on equity of 28.37% and a net margin of 7.15%.The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $969.68 million. During the same period in the prior year, the company posted $1.13 EPS. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. On average, research analysts predict 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.