CenterBook Partners LP Makes New Investment in Euronet Worldwide, Inc. $EEFT

CenterBook Partners LP acquired a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,503 shares of the business services provider’s stock, valued at approximately $2,474,000. CenterBook Partners LP owned about 0.08% of Euronet Worldwide at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in EEFT. Goldman Sachs Group Inc. grew its stake in Euronet Worldwide by 17.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 628,384 shares of the business services provider’s stock valued at $67,143,000 after purchasing an additional 91,348 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Euronet Worldwide by 4.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,475 shares of the business services provider’s stock worth $12,980,000 after buying an additional 5,009 shares during the period. Focus Partners Wealth purchased a new stake in shares of Euronet Worldwide in the 1st quarter valued at $202,000. Geneos Wealth Management Inc. lifted its position in Euronet Worldwide by 48.4% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 109 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Euronet Worldwide by 422.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,631 shares of the business services provider’s stock worth $165,000 after purchasing an additional 1,319 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Thomas A. Mcdonnell purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were purchased at an average price of $66.87 per share, with a total value of $200,610.00. Following the purchase, the director owned 100,219 shares of the company’s stock, valued at $6,701,644.53. The trade was a 3.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.19% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on EEFT. Weiss Ratings cut Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 2nd. Needham & Company LLC reiterated a “buy” rating and set a $85.00 price target on shares of Euronet Worldwide in a research report on Friday, May 22nd. Keefe, Bruyette & Woods lowered their price objective on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating on the stock in a research report on Friday, February 13th. Finally, DA Davidson dropped their price objective on shares of Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Three 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $95.00.

Euronet Worldwide Price Performance

NASDAQ:EEFT opened at $65.68 on Wednesday. Euronet Worldwide, Inc. has a 52 week low of $63.73 and a 52 week high of $114.25. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $2.50 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 0.52 and a beta of 0.82. The stock’s 50-day moving average price is $69.98 and its 200-day moving average price is $71.94.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.58 earnings per share for the quarter, topping 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 company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $969.68 million. During the same quarter in the prior year, the firm posted $1.13 EPS. Euronet Worldwide’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. As a group, equities analysts expect that Euronet Worldwide, Inc. will post 9.83 EPS for the current fiscal year.

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.