Bastion Asset Management Inc. Purchases Shares of 39,438 Euronet Worldwide, Inc. $EEFT

Bastion Asset Management Inc. acquired a new position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 39,438 shares of the business services provider’s stock, valued at approximately $2,722,000.

A number of other large investors have also recently made changes to their positions in EEFT. Goldman Sachs Group Inc. raised its holdings in shares of Euronet Worldwide by 17.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 628,384 shares of the business services provider’s stock worth $67,143,000 after acquiring an additional 91,348 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Euronet Worldwide by 4.3% during the 1st 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 in the last quarter. Focus Partners Wealth purchased a new stake in shares of Euronet Worldwide in the first quarter worth approximately $202,000. Geneos Wealth Management Inc. raised its stake in shares of Euronet Worldwide by 48.4% in the first 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 last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Euronet Worldwide by 422.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,631 shares of the business services provider’s stock valued at $165,000 after purchasing an additional 1,319 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on EEFT shares. DA Davidson reaffirmed a “buy” rating and set a $102.00 target price on shares of Euronet Worldwide in a research report on Friday, July 10th. Weiss Ratings raised Euronet Worldwide from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 30th. Finally, Needham & Company LLC restated a “buy” rating and set a $85.00 price objective on shares of Euronet Worldwide in a research note 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 given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $95.00.

Euronet Worldwide Trading Up 4.2%

NASDAQ:EEFT opened at $81.56 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 0.61 and a beta of 0.83. Euronet Worldwide, Inc. has a 52 week low of $62.50 and a 52 week high of $107.02. The firm has a 50-day moving average price of $70.36 and a two-hundred day moving average price of $71.25.

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

Insider Activity

In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average cost of $66.87 per share, with a total value of $200,610.00. Following the transaction, the director directly owned 100,219 shares in the company, valued at $6,701,644.53. This trade represents a 3.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 12.19% of the stock is currently owned by corporate insiders.

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.