Euronet Worldwide, Inc. $EEFT Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 36.6% in the 4th quarter, HoldingsChannel reports. The fund owned 30,905 shares of the business services provider’s stock after acquiring an additional 8,277 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Euronet Worldwide were worth $2,352,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. ABS Direct Equity Fund LLC grew its stake in shares of Euronet Worldwide by 6.3% during the 4th quarter. ABS Direct Equity Fund LLC now owns 42,520 shares of the business services provider’s stock valued at $3,236,000 after buying an additional 2,520 shares during the period. M&T Bank Corp grew its stake in shares of Euronet Worldwide by 61.1% during the 4th quarter. M&T Bank Corp now owns 5,237 shares of the business services provider’s stock valued at $399,000 after buying an additional 1,987 shares during the period. Comerica Bank grew its stake in shares of Euronet Worldwide by 12.1% during the 4th quarter. Comerica Bank now owns 22,410 shares of the business services provider’s stock valued at $1,706,000 after buying an additional 2,414 shares during the period. Camelot Portfolios LLC purchased a new stake in shares of Euronet Worldwide during the 4th quarter valued at $81,000. Finally, Vanguard Group Inc. grew its stake in shares of Euronet Worldwide by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 3,767,279 shares of the business services provider’s stock valued at $286,728,000 after buying an additional 26,416 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Up 2.7%

Shares of Euronet Worldwide stock opened at $71.58 on Friday. The company has a fifty day moving average price of $70.78 and a 200 day moving average price of $73.15. The company has a current ratio of 1.28, a quick ratio of 1.11 and a debt-to-equity ratio of 1.29. Euronet Worldwide, Inc. has a twelve month low of $63.73 and a twelve month high of $114.25. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 0.55 and a beta of 0.83.

Euronet Worldwide (NASDAQ:EEFT) last announced 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 net margin of 7.15% and a return on equity of 28.37%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $969.68 million. During the same period in the prior year, the company earned $1.13 EPS. The firm’s revenue was up 10.5% on a year-over-year basis. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Equities research analysts forecast that Euronet Worldwide, Inc. will post 9.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on EEFT shares. Keefe, Bruyette & Woods lowered their price objective on shares of 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. Wolfe Research reissued an “underperform” rating and set a $80.00 price objective on shares of Euronet Worldwide in a research note on Thursday, January 8th. Needham & Company LLC boosted their price objective on shares of Euronet Worldwide from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. DA Davidson lowered their price objective on shares of Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, Weiss Ratings cut shares of Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. Three equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $95.00.

Euronet Worldwide Company 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.