Rice Hall James & Associates LLC Sells 14,533 Shares of Euronet Worldwide, Inc. $EEFT

Rice Hall James & Associates LLC reduced its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 223,476 shares of the business services provider’s stock after selling 14,533 shares during the quarter. Rice Hall James & Associates LLC owned about 0.53% of Euronet Worldwide worth $17,009,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EEFT. Goldman Sachs Group Inc. increased its stake in Euronet Worldwide by 17.0% during the first 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 grew its stake in shares of Euronet Worldwide by 4.3% during 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 valued at $12,980,000 after buying an additional 5,009 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Euronet Worldwide during the first quarter valued at approximately $202,000. Geneos Wealth Management Inc. grew its stake 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. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Euronet Worldwide by 422.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,631 shares of the business services provider’s stock valued at $165,000 after buying an additional 1,319 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Trading Up 0.4%

EEFT opened at $66.90 on Tuesday. 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 stock has a market cap of $2.55 billion, a price-to-earnings ratio of 9.65, a P/E/G ratio of 0.52 and a beta of 0.83. The stock’s 50 day moving average price is $70.00 and its 200-day moving average price is $71.76. Euronet Worldwide, Inc. has a one year low of $62.50 and a one year high of $109.53.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $969.68 million. Euronet Worldwide had a return on equity of 28.37% and a net margin of 7.15%.Euronet Worldwide’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 earnings per share. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. On average, equities analysts forecast that Euronet Worldwide, Inc. will post 9.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EEFT. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 target price on shares of Euronet Worldwide in a research note on Friday, May 22nd. Weiss Ratings cut Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. Finally, DA Davidson cut their target price on Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $95.00.

Insider Activity

In other news, Director Thomas A. Mcdonnell purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average price of $66.87 per share, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.