Gabelli Funds LLC Takes Position in Euronet Worldwide, Inc. $EEFT

Gabelli Funds LLC acquired a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 13,410 shares of the business services provider’s stock, valued at approximately $1,021,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Neo Ivy Capital Management purchased a new position in shares of Euronet Worldwide in the 3rd quarter valued at about $1,724,000. Voss Capital LP boosted its stake in shares of Euronet Worldwide by 66.5% in the 3rd quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock valued at $117,665,000 after buying an additional 535,000 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of Euronet Worldwide in the 3rd quarter valued at about $42,813,000. AlphaQuest LLC boosted its stake in shares of Euronet Worldwide by 1,358.1% in the 3rd quarter. AlphaQuest LLC now owns 32,560 shares of the business services provider’s stock valued at $2,859,000 after buying an additional 30,327 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Euronet Worldwide in the 3rd quarter valued at about $2,081,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analysts Set New Price Targets

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

Euronet Worldwide Trading Down 0.5%

EEFT opened at $66.20 on Friday. Euronet Worldwide, Inc. has a one year low of $63.73 and a one year high of $114.25. The company has a market cap of $2.52 billion, a P/E ratio of 9.55, a PEG ratio of 0.52 and a beta of 0.83. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.28 and a current ratio of 1.28. The business’s 50-day simple moving average is $69.84 and its 200-day simple moving average is $72.14.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data 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. Euronet Worldwide had a return on equity of 28.37% and a net margin of 7.15%.The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $969.68 million. During the same quarter in the prior year, the business posted $1.13 EPS. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. As a group, equities research analysts expect that Euronet Worldwide, Inc. will post 9.83 EPS for the current fiscal year.

Euronet Worldwide 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.