Palisades Investment Partners LLC Makes New Investment in Euronet Worldwide, Inc. $EEFT
by Renee Jackson · The Cerbat GemPalisades Investment Partners LLC purchased a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,815 shares of the business services provider’s stock, valued at approximately $1,204,000.
A number of other hedge funds have also recently modified their holdings of EEFT. Tudor Investment Corp ET AL acquired a new stake in Euronet Worldwide during the third quarter worth about $42,813,000. American Century Companies Inc. raised its stake in Euronet Worldwide by 29.7% during the third quarter. American Century Companies Inc. now owns 1,741,996 shares of the business services provider’s stock worth $152,965,000 after purchasing an additional 399,263 shares during the period. Voss Capital LP boosted its holdings in 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 purchasing an additional 535,000 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Euronet Worldwide by 131.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock valued at $132,632,000 after buying an additional 744,040 shares during the period. Finally, Burgundy Asset Management Ltd. grew its stake in shares of Euronet Worldwide by 3.9% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,217,631 shares of the business services provider’s stock valued at $123,443,000 after buying an additional 46,205 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.
Euronet Worldwide Price Performance
NASDAQ:EEFT opened at $64.05 on Friday. Euronet Worldwide, Inc. has a 52 week low of $63.73 and a 52 week high of $114.25. The stock’s fifty day moving average is $70.28 and its two-hundred day moving average is $75.65. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 0.51 and a beta of 0.82. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.78.
Euronet Worldwide (NASDAQ:EEFT – Get Free Report) last posted its earnings results on Thursday, February 12th. The business services provider reported $2.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.48 by ($0.09). Euronet Worldwide had a return on equity of 27.22% and a net margin of 7.33%.The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $2.08 EPS. Euronet Worldwide’s revenue was up 5.9% on a year-over-year basis. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.
Wall Street Analysts Forecast Growth
EEFT has been the subject of a number of recent analyst reports. DA Davidson set a $112.00 price target on shares of Euronet Worldwide in a report on Thursday, March 5th. Weiss Ratings lowered Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday. Wolfe Research reissued an “underperform” rating and set a $80.00 target price on shares of Euronet Worldwide in a research note on Thursday, January 8th. Needham & Company LLC reduced their target price on Euronet Worldwide from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Keefe, Bruyette & Woods decreased their price target 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. Four investment 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’s stock. Based on data from MarketBeat.com, Euronet Worldwide has a consensus rating of “Hold” and an average price target of $96.00.
Get Our Latest Analysis on Euronet Worldwide
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.