Yakira Capital Management Inc. Acquires Shares of 8,558 Euronet Worldwide, Inc. $EEFT

Yakira Capital Management Inc. acquired a new stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,558 shares of the business services provider’s stock, valued at approximately $651,000.

Other institutional investors also recently added to or reduced their stakes in the company. Neo Ivy Capital Management acquired a new stake in Euronet Worldwide during the third quarter valued at approximately $1,724,000. Voss Capital LP boosted its holdings in Euronet Worldwide by 66.5% during 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 purchasing an additional 535,000 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in Euronet Worldwide during the third quarter valued at approximately $42,813,000. Weitz Investment Management Inc. acquired a new stake in Euronet Worldwide during the fourth quarter valued at approximately $12,178,000. Finally, Quantbot Technologies LP acquired a new stake in Euronet Worldwide during the third quarter valued at approximately $2,081,000. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $66.66 on Monday. Euronet Worldwide, Inc. has a 1 year low of $62.50 and a 1 year high of $110.86. The firm has a 50 day moving average of $69.95 and a 200-day moving average of $71.80. 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 stock has a market capitalization of $2.54 billion, a P/E ratio of 9.62, a price-to-earnings-growth ratio of 0.52 and a beta of 0.83.

Euronet Worldwide (NASDAQ:EEFT) last posted its 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. 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 previous year, the company posted $1.13 earnings per share. Euronet Worldwide’s quarterly revenue 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. As a group, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.83 EPS for the current fiscal year.

Insider Activity

In related news, Director Thomas A. Mcdonnell acquired 3,000 shares of the company’s 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 transaction, the director directly 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 12.19% of the company’s stock.

Analyst Upgrades and Downgrades

EEFT has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $85.00 price objective on shares of Euronet Worldwide in a report on Friday, May 22nd. Weiss Ratings downgraded Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 2nd. Finally, DA Davidson cut 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. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $95.00.

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.