Euronet Worldwide (NASDAQ:EEFT) Director Thomas Mcdonnell Buys 3,000 Shares

Euronet Worldwide, Inc. (NASDAQ:EEFT) Director Thomas Mcdonnell acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $66.87 per share, for a total transaction of $200,610.00. Following the transaction, the director owned 100,219 shares of the company’s stock, valued at $6,701,644.53. This represents a 3.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Euronet Worldwide Stock Up 1.9%

Euronet Worldwide stock traded up $1.26 during mid-day trading on Tuesday, reaching $67.46. The company’s stock had a trading volume of 710,471 shares, compared to its average volume of 695,693. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 0.52 and a beta of 0.83. Euronet Worldwide, Inc. has a 12 month low of $63.73 and a 12 month high of $114.25. The business’s 50 day simple moving average is $69.71 and its 200 day simple moving average is $72.08. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.28 and a current ratio of 1.28.

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, topping the consensus estimate of $1.42 by $0.16. Euronet Worldwide had a net margin of 7.15% and a return on equity of 28.37%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $969.68 million. During the same period in the previous year, the firm posted $1.13 EPS. The company’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, research analysts anticipate that Euronet Worldwide, Inc. will post 9.83 earnings per share for the current year.

Institutional Investors Weigh In On Euronet Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of the company. Tudor Investment Corp ET AL acquired a new position in Euronet Worldwide during the third quarter worth approximately $42,813,000. Bank of Montreal Can lifted its position in shares of Euronet Worldwide by 933.8% in the fourth quarter. Bank of Montreal Can now owns 1,993,682 shares of the business services provider’s stock valued at $151,739,000 after buying an additional 1,800,837 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Euronet Worldwide by 131.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock worth $132,632,000 after acquiring an additional 744,040 shares during the period. Turtle Creek Asset Management Inc. boosted its stake in shares of Euronet Worldwide by 44.9% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 1,847,040 shares of the business services provider’s stock worth $122,588,000 after acquiring an additional 572,194 shares during the period. Finally, Voss Capital LP increased its holdings in shares of Euronet Worldwide by 66.5% during the 3rd quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock worth $117,665,000 after acquiring an additional 535,000 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on EEFT shares. DA Davidson reduced their price target on Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 price target on shares of Euronet Worldwide in a research report on Friday. Keefe, Bruyette & Woods dropped their price objective on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating on the stock in a research note on Friday, February 13th. Finally, Weiss Ratings downgraded Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 2nd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $95.00.

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.