Euronet Worldwide, Inc. $EEFT Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 48.1% in the 4th quarter, Holdings Channel reports. The fund owned 94,884 shares of the business services provider’s stock after selling 87,919 shares during the period. Los Angeles Capital Management LLC’s holdings in Euronet Worldwide were worth $7,164,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Neo Ivy Capital Management acquired a new stake in shares of Euronet Worldwide during the third quarter valued at about $1,724,000. Voss Capital LP grew its stake in shares of Euronet Worldwide by 66.5% during the third quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock valued at $117,665,000 after acquiring an additional 535,000 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of Euronet Worldwide during the third quarter valued at about $42,813,000. Quantbot Technologies LP acquired a new stake in shares of Euronet Worldwide during the third quarter valued at about $2,081,000. Finally, American Century Companies Inc. grew its stake in shares of 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 valued at $152,965,000 after acquiring an additional 399,263 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

Shares of EEFT stock opened at $66.09 on Tuesday. 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, Inc. has a one year low of $63.73 and a one year high of $114.25. The company’s 50-day simple moving average is $69.97 and its 200-day simple moving average is $71.97. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.52 and a beta of 0.83.

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 business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $969.68 million. During the same quarter last year, the company posted $1.13 earnings per share. The company’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. Equities analysts anticipate that Euronet Worldwide, Inc. will post 9.83 earnings per share for the current fiscal year.

Insider Activity at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell purchased 3,000 shares of Euronet Worldwide stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average price of $66.87 per share, with a total value of $200,610.00. Following the completion of the transaction, the director owned 100,219 shares of the company’s stock, valued at approximately $6,701,644.53. This trade represents a 3.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 12.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price 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 target on shares of Euronet Worldwide in a research report on Friday, May 22nd. Weiss Ratings cut shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 2nd. Finally, DA Davidson reduced their price target on shares of Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Euronet Worldwide has an average rating of “Hold” and a consensus target price 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.