Allspring Global Investments Holdings LLC Has $340.96 Million Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Allspring Global Investments Holdings LLC boosted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,372,449 shares of the business services provider's stock after purchasing an additional 16,220 shares during the period. Euronet Worldwide makes up approximately 0.5% of Allspring Global Investments Holdings LLC's holdings, making the stock its 29th biggest position. Allspring Global Investments Holdings LLC owned about 7.68% of Euronet Worldwide worth $340,955,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in shares of Euronet Worldwide in the 2nd quarter valued at approximately $200,000. Wedge Capital Management L L P NC lifted its position in shares of Euronet Worldwide by 13.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 22,005 shares of the business services provider's stock valued at $2,184,000 after acquiring an additional 2,631 shares in the last quarter. CX Institutional purchased a new stake in shares of Euronet Worldwide in the 3rd quarter valued at approximately $4,246,000. Leisure Capital Management lifted its position in Euronet Worldwide by 3.5% in the 3rd quarter. Leisure Capital Management now owns 8,381 shares of the business services provider's stock worth $832,000 after buying an additional 283 shares in the last quarter. Finally, Ellsworth Advisors LLC lifted its position in Euronet Worldwide by 20.3% in the 3rd quarter. Ellsworth Advisors LLC now owns 5,972 shares of the business services provider's stock worth $593,000 after buying an additional 1,007 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Euronet Worldwide

In other news, SVP Martin L. Bruckner sold 9,397 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the transaction, the senior vice president now directly owns 39,983 shares of the company's stock, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nikos Fountas sold 21,479 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the transaction, the chief executive officer now directly owns 52,370 shares of the company's stock, valued at $5,423,437.20. The trade was a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 82,910 shares of company stock valued at $8,780,102. Company insiders own 10.50% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EEFT. Keefe, Bruyette & Woods increased their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a research report on Friday. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 24th. Citigroup lowered shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Needham & Company LLC restated a "buy" rating and set a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th. Finally, Stephens restated an "overweight" rating and set a $130.00 price target on shares of Euronet Worldwide in a research note on Friday. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $127.00.

Euronet Worldwide Stock Performance

NASDAQ EEFT traded up $0.73 during midday trading on Friday, hitting $104.64. The company had a trading volume of 587,341 shares, compared to its average volume of 235,070. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 15.12, a P/E/G ratio of 0.77 and a beta of 1.43. The firm has a fifty day simple moving average of $100.82 and a two-hundred day simple moving average of $100.88. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. Equities analysts forecast that Euronet Worldwide, Inc. will post 7.85 earnings per share for the current fiscal year.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.