NYS Common Retirement Fund Increases Investment in Euronet Worldwide,
August 12, 2023
🌥️Trending News
On August 4, 2023, the New York State Common Retirement Fund announced an increase in their investment in Euronet Worldwide ($NASDAQ:EEFT), Inc. Euronet Worldwide, Inc. is a leading global payments provider that offers electronic financial transaction solutions. They provide electronic payments and money transfer services to banks, credit unions, retailers, government agencies, and other businesses throughout the world. The company’s services include money transfers, mobile payments, ATM solutions, and more. This new investment from the New York State Common Retirement Fund will help Euronet Worldwide, Inc. continue to expand their global footprint and offer even more services to their customers.
With this increased investment, the company can continue to develop new products and services that will help them stay ahead of the competition and meet the demands of their customers. This is great news for Euronet Worldwide, Inc., as it shows the confidence that the New York State Common Retirement Fund has in their business model and ability to deliver top-notch services. This increased investment will ultimately help the company better meet the needs of their customers and offer more advanced and efficient payments solutions.
Market Price
On Monday, the New York State Common Retirement Fund (NYSCRF) announced that it had increased its investment in Euronet Worldwide, Inc. (NASDAQ: EEFT). Following the announcement, the stock opened at $87.3 per share and closed at $87.0 per share, representing a slight decrease of 0.1% from its last closing price of $87.1 per share. Despite the minor decrease, many analysts remain optimistic about Euronet Worldwide’s future prospects and believe that the company’s diverse portfolio of payment solutions and financial technology services will continue to drive growth in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Euronet Worldwide. More…
| Total Revenues | Net Income | Net Margin |
| 3.52k | 271.69 | 7.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Euronet Worldwide. More…
| Operations | Investing | Financing |
| 787.79 | -112.28 | -387.95 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Euronet Worldwide. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.22k | 3.84k | 27.84 |
Key Ratios Snapshot
Some of the financial key ratios for Euronet Worldwide are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.8% | 7.3% | 12.0% |
| FCF Margin | ROE | ROA |
| 19.7% | 19.8% | 5.0% |
Analysis
At GoodWhale, we recently completed an analysis of EURONET WORLDWIDE’s financials. Our Risk Rating showed that EURONET WORLDWIDE is a medium risk investment, both in terms of financial and business aspects. We detected two risk warnings in their income sheet and balance sheet. If you would like to take a closer look at these risk warnings, register with us and we can provide you with further details. With our analysis, you can make a more informed decision when considering investing with EURONET WORLDWIDE. More…
Peers
Its competitors include Evertec Inc, Managepay Systems Bhd, Nexi SpA.
– Evertec Inc ($NYSE:EVTC)
Evertec, Inc. is a transaction processing company that provides a comprehensive array of electronic transaction processing solutions in the Americas. The company operates in three segments: Merchant Acquiring, Payment Processing Services, and Financial Institution Services. Evertec serves clients in various industries, including retail, e-commerce, government, healthcare, education, and utility.
– Managepay Systems Bhd ($KLSE:0156)
Managepay Systems Bhd is a Malaysia-based company that provides electronic payment solutions. The company has a market cap of 81.83M as of 2022 and a Return on Equity of -3.16%. The company’s products and services include e-payment gateway, online banking, and mobile banking solutions. Managepay Systems Bhd is headquartered in Kuala Lumpur, Malaysia.
– Nexi SpA ($LTS:0NX5)
Nexi SpA is an Italian provider of financial services that operates in the payments sector. The company offers a range of services including credit and debit card processing, e-commerce solutions, and point-of-sale financing. Nexi also provides merchant acquiring, issuing, and processing services. The company was founded in 2002 and is headquartered in Milan, Italy.
Summary
The New York State Common Retirement Fund (CRF) recently announced a surge in investment in Euronet Worldwide, Inc., a payment solutions provider. This move is expected to increase the company’s global presence in payments, remittance, and other financial services, and will lead to more efficient transactions.
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