Crossingbridge Advisors LLC Takes Position in Euronet Worldwide, Inc. $EEFT

Crossingbridge Advisors LLC purchased a new position in Euronet Worldwide, Inc. (NASDAQ:EEFT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 45,000 shares of the business services provider’s stock, valued at approximately $3,951,000. Euronet Worldwide makes up approximately 1.8% of Crossingbridge Advisors LLC’s portfolio, making the stock its 15th largest holding. Crossingbridge Advisors LLC owned 0.11% of Euronet Worldwide at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Allworth Financial LP grew its stake in Euronet Worldwide by 248.7% in the second quarter. Allworth Financial LP now owns 265 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 189 shares during the last quarter. First Horizon Corp bought a new position in Euronet Worldwide in the third quarter worth about $36,000. Geneos Wealth Management Inc. lifted its position in shares of Euronet Worldwide by 48.4% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after buying an additional 109 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Euronet Worldwide during the third quarter valued at about $37,000. Finally, True Wealth Design LLC boosted its holdings in shares of Euronet Worldwide by 106.4% in the 2nd quarter. True Wealth Design LLC now owns 450 shares of the business services provider’s stock valued at $46,000 after buying an additional 232 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wolfe Research reaffirmed an “underperform” rating and issued a $80.00 price objective on shares of Euronet Worldwide in a research report on Thursday, January 8th. Needham & Company LLC decreased their target price on shares of Euronet Worldwide from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Keefe, Bruyette & Woods lowered their target price on shares of Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a research note on Friday, February 13th. Monness Crespi & Hardt lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating in a report on Monday, January 5th. Finally, Weiss Ratings downgraded Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 3rd. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Euronet Worldwide currently has a consensus rating of “Hold” and an average target price of $96.00.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $73.33 on Monday. Euronet Worldwide, Inc. has a 52 week low of $64.34 and a 52 week high of $114.25. The business’s 50 day moving average price is $72.76 and its 200 day moving average price is $78.80. 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 $2.88 billion, a P/E ratio of 10.58, a P/E/G ratio of 0.58 and a beta of 0.80.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly 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 analysts’ expectations of $1.11 billion. Euronet Worldwide had a return on equity of 27.22% and a net margin of 7.33%.The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.08 earnings per share. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. On average, sell-side analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share 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.