Louisiana State Employees Retirement System Acquires Shares of 11,300 Euronet Worldwide, Inc. $EEFT

Louisiana State Employees Retirement System acquired a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the first quarter, Holdings Channel reports. The fund acquired 11,300 shares of the business services provider’s stock, valued at approximately $750,000.

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

Euronet Worldwide Stock Up 1.1%

Shares of EEFT traded up $0.87 during mid-day trading on Tuesday, hitting $78.83. The company’s stock had a trading volume of 20,543 shares, compared to its average volume of 698,473. The company’s 50-day moving average is $69.60 and its 200-day moving average is $71.22. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 0.60 and a beta of 0.83. Euronet Worldwide, Inc. has a 52-week low of $62.50 and a 52-week high of $107.91.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, April 29th. The business services provider reported $1.58 EPS for the quarter, beating 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 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 company posted $1.13 earnings per share. Euronet Worldwide’s revenue for the quarter 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. On average, equities research analysts forecast that Euronet Worldwide, Inc. will post 9.83 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on EEFT shares. Weiss Ratings raised shares of Euronet Worldwide from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 30th. DA Davidson reduced their target price 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, Needham & Company LLC reissued a “buy” rating and issued a $85.00 price target on shares of Euronet Worldwide in a research report on Friday, May 22nd. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $95.00.

Insider Buying and Selling

In other news, Director Thomas A. Mcdonnell acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were acquired at an average cost of $66.87 per share, with a total value of $200,610.00. Following the completion of the acquisition, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 12.19% of the company’s stock.

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.