Louisiana State Employees Retirement System Acquires Shares of 11,300 Euronet Worldwide, Inc. $EEFT

Louisiana State Employees Retirement System bought a new stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,300 shares of the business services provider’s stock, valued at approximately $750,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Voss Capital LP raised its holdings in Euronet Worldwide by 66.5% in 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 during the period. Tudor Investment Corp ET AL acquired a new stake in Euronet Worldwide during the 3rd quarter worth $42,813,000. Weitz Investment Management Inc. acquired a new stake in Euronet Worldwide during the 4th quarter worth $12,178,000. New Age Alpha Advisors LLC lifted its holdings in Euronet Worldwide by 102.6% during the fourth quarter. New Age Alpha Advisors LLC now owns 34,932 shares of the business services provider’s stock worth $2,659,000 after acquiring an additional 17,690 shares in the last quarter. Finally, Crossingbridge Advisors LLC acquired a new position in Euronet Worldwide in the third quarter valued at about $3,951,000. 91.60% of the stock is owned by institutional investors.

Insider Activity

In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of $66.87 per share, with a total value of $200,610.00. Following the completion of the transaction, 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 12.19% of the stock is owned by corporate insiders.

Euronet Worldwide Stock Up 1.1%

Euronet Worldwide stock traded up $0.87 during midday trading on Tuesday, reaching $78.83. The stock had a trading volume of 20,543 shares, compared to its average volume of 698,473. The company has a fifty day moving average price of $69.60 and a two-hundred day moving average price of $71.22. Euronet Worldwide, Inc. has a 12 month low of $62.50 and a 12 month high of $107.91. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $3.00 billion, a P/E ratio of 11.38, a PEG ratio of 0.60 and a beta of 0.83.

Euronet Worldwide (NASDAQ:EEFT) last announced 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. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $969.68 million. Euronet Worldwide had a return on equity of 28.37% and a net margin of 7.15%.The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last 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 expect that Euronet Worldwide, Inc. will post 9.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EEFT. DA Davidson dropped their price target 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. Needham & Company LLC reissued a “buy” rating and set a $85.00 target price on shares of Euronet Worldwide in a research note on Friday, May 22nd. Finally, Weiss Ratings raised shares of Euronet Worldwide from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Euronet Worldwide currently has an average rating of “Hold” and a consensus price target of $95.00.

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.