Corebridge Financial Inc. Sells 3,199 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Corebridge Financial Inc. trimmed its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,735 shares of the business services provider's stock after selling 3,199 shares during the period. Corebridge Financial Inc. owned 0.11% of Euronet Worldwide worth $4,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EEFT. Daiwa Securities Group Inc. bought a new stake in Euronet Worldwide in the 3rd quarter valued at $109,000. FMR LLC raised its position in shares of Euronet Worldwide by 21.1% in the third quarter. FMR LLC now owns 75,216 shares of the business services provider's stock valued at $7,464,000 after purchasing an additional 13,093 shares during the period. Bridgewater Associates LP lifted its stake in shares of Euronet Worldwide by 82.8% during the 3rd quarter. Bridgewater Associates LP now owns 50,132 shares of the business services provider's stock worth $4,975,000 after buying an additional 22,701 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in shares of Euronet Worldwide during the 3rd quarter worth about $260,000. Finally, Martingale Asset Management L P boosted its holdings in shares of Euronet Worldwide by 0.8% during the 3rd quarter. Martingale Asset Management L P now owns 47,788 shares of the business services provider's stock worth $4,742,000 after buying an additional 398 shares during the period. 91.60% of the stock is owned by institutional investors.

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Euronet Worldwide Stock Performance

EEFT stock traded down $6.95 during mid-day trading on Thursday, hitting $101.20. The company had a trading volume of 704,860 shares, compared to its average volume of 328,467. The stock's fifty day moving average price is $102.33 and its two-hundred day moving average price is $101.60. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. Euronet Worldwide, Inc. has a 12 month low of $91.07 and a 12 month high of $117.66. The firm has a market cap of $4.43 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. On average, analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Insider Transactions at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the transaction, the chief executive officer now directly owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This represents a 6.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.50% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Stephens reaffirmed an "overweight" rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Needham & Company LLC reissued a "buy" rating and set a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. Oppenheimer lowered their price objective on Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. Finally, Keefe, Bruyette & Woods increased their target price on Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $125.86.

About Euronet Worldwide

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.