King Luther Capital Management Corp Sells 15,144 Shares of Euronet Worldwide, Inc. $EEFT

King Luther Capital Management Corp cut its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 20.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,869 shares of the business services provider’s stock after selling 15,144 shares during the quarter. King Luther Capital Management Corp owned approximately 0.14% of Euronet Worldwide worth $5,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EEFT. Meritage Portfolio Management boosted its stake in shares of Euronet Worldwide by 18.8% in the 3rd quarter. Meritage Portfolio Management now owns 124,343 shares of the business services provider’s stock valued at $10,919,000 after purchasing an additional 19,713 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Euronet Worldwide by 80.3% during the second quarter. Prudential Financial Inc. now owns 98,147 shares of the business services provider’s stock worth $9,950,000 after buying an additional 43,710 shares during the last quarter. AlphaQuest LLC raised its stake in shares of Euronet Worldwide by 1,358.1% during the third quarter. AlphaQuest LLC now owns 32,560 shares of the business services provider’s stock worth $2,859,000 after buying an additional 30,327 shares during the last quarter. Reinhart Partners LLC. lifted its holdings in Euronet Worldwide by 20.3% in the third quarter. Reinhart Partners LLC. now owns 1,079,798 shares of the business services provider’s stock valued at $94,818,000 after buying an additional 181,888 shares during the period. Finally, American Century Companies Inc. boosted its stake in Euronet Worldwide by 20.4% in the second quarter. American Century Companies Inc. now owns 1,342,733 shares of the business services provider’s stock valued at $136,126,000 after acquiring an additional 227,597 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Wall Street Analysts Forecast Growth

EEFT has been the subject of several recent research reports. Wolfe Research reiterated an “underperform” rating and set a $80.00 target price on shares of Euronet Worldwide in a research report on Thursday, January 8th. Keefe, Bruyette & Woods reduced their price target 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. Monness Crespi & Hardt downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Monday, January 5th. DA Davidson reissued a “buy” rating and issued a $112.00 target price on shares of Euronet Worldwide in a research note on Tuesday. Finally, Weiss Ratings upgraded Euronet Worldwide from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Euronet Worldwide currently has an average rating of “Hold” and a consensus target price of $96.00.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $72.50 on Friday. The stock’s fifty day simple moving average is $73.87 and its 200 day simple moving average is $80.59. The company has a current ratio of 1.11, a quick ratio of 1.15 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $3.05 billion, a PE ratio of 10.46, a PEG ratio of 0.56 and a beta of 0.82. Euronet Worldwide, Inc. has a 12 month low of $64.34 and a 12 month high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly 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). The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Euronet Worldwide had a return on equity of 27.22% and a net margin of 7.33%.The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.08 earnings per share. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. On average, research analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current 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.