Weitz Investment Management Inc. Makes New Investment in Euronet Worldwide, Inc. $EEFT

Weitz Investment Management Inc. acquired a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 160,000 shares of the business services provider’s stock, valued at approximately $12,178,000. Weitz Investment Management Inc. owned about 0.38% of Euronet Worldwide at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of EEFT. CSM Advisors LLC raised its stake in Euronet Worldwide by 5.3% during the fourth quarter. CSM Advisors LLC now owns 50,727 shares of the business services provider’s stock valued at $3,862,000 after purchasing an additional 2,532 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Euronet Worldwide during the fourth quarter valued at $483,000. Fox Run Management L.L.C. purchased a new stake in Euronet Worldwide during the fourth quarter valued at $682,000. Franklin Resources Inc. purchased a new stake in Euronet Worldwide during the fourth quarter valued at $220,000. Finally, CenterBook Partners LP purchased a new stake in Euronet Worldwide during the fourth quarter valued at $2,474,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, Director Thomas A. Mcdonnell acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was bought at an average price of $66.87 per share, for a total transaction of $200,610.00. Following the acquisition, the director directly owned 100,219 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 12.19% of the stock is currently owned by insiders.

Euronet Worldwide Price Performance

EEFT opened at $66.07 on Friday. The business has a fifty day moving average of $69.93 and a 200 day moving average of $71.84. Euronet Worldwide, Inc. has a 52-week low of $62.50 and a 52-week high of $112.94. 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 cap of $2.52 billion, a P/E ratio of 9.53, a PEG ratio of 0.50 and a beta of 0.82.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating 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 previous year, the business earned $1.13 EPS. Euronet Worldwide’s 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, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.83 EPS for the current year.

Wall Street Analyst Weigh In

EEFT has been the topic of a number of recent research reports. DA Davidson decreased 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 note on Tuesday, April 14th. Weiss Ratings downgraded Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 2nd. Needham & Company LLC reissued a “buy” rating and set a $85.00 target price on shares of Euronet Worldwide in a research report on Friday, May 22nd. Finally, Keefe, Bruyette & Woods cut their target price 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. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Euronet Worldwide has a consensus rating of “Hold” and an average 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.