M&T Bank Corp Grows Stake in Euronet Worldwide, Inc. $EEFT

Key Points

• M&T Bank Corp increased its stake in Euronet by 912.5%, buying 29,655 shares to hold 32,905 shares worth about $2.50 million (roughly 0.08% of the company), and institutional ownership now sits at about 91.6%.
• Euronet missed quarterly EPS at $2.39 versus $2.48 expected while reporting $1.11 billion in revenue (up 5.9% YoY and roughly in line with estimates), and the company set FY 2026 guidance of $10.57–$11.05 EPS.
• The stock trades near $75 with a market cap of $2.86 billion and a P/E of 10.85, and analyst coverage is mixed—average rating "Hold" with an average target of $94 (three Buy, two Hold, two Sell).

M&T Bank Corp lifted its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 912.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,905 shares of the business services provider's stock after buying an additional 29,655 shares during the period. M&T Bank Corp owned approximately 0.08% of Euronet Worldwide worth $2,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Euronet Worldwide by 141.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 42,799 shares of the business services provider's stock worth $3,252,000 after buying an additional 25,085 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Euronet Worldwide by 43.1% in the 4th quarter. Evergreen Capital Management LLC now owns 47,196 shares of the business services provider's stock worth $3,592,000 after buying an additional 14,221 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Euronet Worldwide by 19.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,886 shares of the business services provider's stock worth $676,000 after buying an additional 1,422 shares during the last quarter. Optima Capital LLC purchased a new position in shares of Euronet Worldwide in the 4th quarter worth $47,000. Finally, Monarch Capital Management Inc. purchased a new position in shares of Euronet Worldwide in the 4th quarter worth $2,281,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock opened at $75.22 on Tuesday. Euronet Worldwide, Inc. has a one year low of $63.73 and a one year high of $114.25. The stock's fifty day moving average is $70.57 and its 200 day moving average is $73.70. The stock has a market cap of $2.86 billion, a P/E ratio of 10.85, a P/E/G ratio of 0.59 and a beta of 0.82. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.11 and a current ratio of 1.11.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The business services provider reported $2.39 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 the consensus estimate of $1.11 billion. Euronet Worldwide had a net margin of 7.33% and a return on equity of 27.22%. Euronet Worldwide's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.08 earnings per share. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.72 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EEFT shares. DA Davidson decreased their target price on Euronet Worldwide from $112.00 to $102.00 and set a "buy" rating on the stock in a report on Tuesday, April 14th. Keefe, Bruyette & Woods decreased their target price on Euronet Worldwide from $85.00 to $75.00 and set a "market perform" rating on the stock in a report on Friday, February 13th. Wolfe Research reaffirmed an "underperform" rating and issued a $80.00 target price on shares of Euronet Worldwide in a report on Thursday, January 8th. Monness Crespi & Hardt cut Euronet Worldwide from a "buy" rating to a "neutral" rating in a report on Monday, January 5th. Finally, Needham & Company LLC decreased their target price on Euronet Worldwide from $100.00 to $80.00 and set a "buy" rating on the stock in a report on Thursday, February 12th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $94.00.

Euronet Worldwide Company 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.

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