Nordea Investment Management AB Sells 11,276 Shares of Euronet Worldwide, Inc. $EEFT

Nordea Investment Management AB trimmed its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 15.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 61,371 shares of the business services provider’s stock after selling 11,276 shares during the quarter. Nordea Investment Management AB’s holdings in Euronet Worldwide were worth $4,678,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in EEFT. Neo Ivy Capital Management bought a new position in shares of Euronet Worldwide during the 3rd quarter worth approximately $1,724,000. Voss Capital LP grew its position in Euronet Worldwide by 66.5% in the third quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock valued at $117,665,000 after acquiring an additional 535,000 shares during the period. Tudor Investment Corp ET AL bought a new stake in Euronet Worldwide in the third quarter valued at $42,813,000. Quantbot Technologies LP acquired a new position in Euronet Worldwide during the third quarter worth $2,081,000. Finally, Meritage Portfolio Management lifted its holdings in shares of Euronet Worldwide by 18.8% during the third quarter. Meritage Portfolio Management now owns 124,343 shares of the business services provider’s stock valued at $10,919,000 after acquiring an additional 19,713 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EEFT. Monness Crespi & Hardt downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a research note on Monday, January 5th. 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. Needham & Company LLC cut their price target on shares of Euronet Worldwide from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 12th. Keefe, Bruyette & Woods reduced their price target on shares of 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. Finally, DA Davidson set a $112.00 price objective on shares of Euronet Worldwide in a research note on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Euronet Worldwide currently has a consensus rating of “Hold” and a consensus price target of $96.00.

Euronet Worldwide Price Performance

Shares of EEFT stock opened at $68.53 on Friday. The stock has a 50-day moving average price of $71.32 and a 200 day moving average price of $76.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.78. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.53 and a beta of 0.80. Euronet Worldwide, Inc. has a 12 month low of $64.34 and a 12 month high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Thursday, February 12th. The business services provider reported $2.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.09). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. Euronet Worldwide had a net margin of 7.33% and a return on equity of 27.22%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.08 earnings per share. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Research analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

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.