Allspring Global Investments Holdings LLC Boosts Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Allspring Global Investments Holdings LLC boosted its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,356,229 shares of the business services provider's stock after acquiring an additional 27,254 shares during the period. Allspring Global Investments Holdings LLC owned 7.32% of Euronet Worldwide worth $333,039,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Clearbridge Investments LLC raised its position in Euronet Worldwide by 4.5% during the first quarter. Clearbridge Investments LLC now owns 567,058 shares of the business services provider's stock valued at $62,337,000 after purchasing an additional 24,566 shares in the last quarter. LSV Asset Management acquired a new stake in Euronet Worldwide in the first quarter valued at about $1,638,000. Ellsworth Advisors LLC bought a new position in Euronet Worldwide in the second quarter valued at about $514,000. SG Capital Management LLC grew its position in Euronet Worldwide by 106.8% in the first quarter. SG Capital Management LLC now owns 41,934 shares of the business services provider's stock valued at $4,610,000 after acquiring an additional 21,654 shares during the last quarter. Finally, New South Capital Management Inc. raised its stake in Euronet Worldwide by 21.8% during the first quarter. New South Capital Management Inc. now owns 538,419 shares of the business services provider's stock worth $59,188,000 after acquiring an additional 96,278 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Trading Down 0.4 %

EEFT stock traded down $0.41 during mid-day trading on Friday, reaching $98.66. The company's stock had a trading volume of 189,495 shares, compared to its average volume of 304,204. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 17.37 and a beta of 1.46. Euronet Worldwide, Inc. has a 12 month low of $75.41 and a 12 month high of $117.66. The business's 50 day moving average price is $100.52 and its 200 day moving average price is $104.53. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its earnings results on Thursday, July 18th. The business services provider reported $2.25 EPS for the quarter, beating the consensus estimate of $2.04 by $0.21. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The company had revenue of $986.20 million during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business posted $1.84 EPS. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that Euronet Worldwide, Inc. will post 7.88 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on EEFT. DA Davidson reiterated a "buy" rating and set a $136.00 price objective on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Euronet Worldwide in a report on Wednesday, September 4th. Citigroup lowered Euronet Worldwide from a "buy" rating to a "neutral" rating and cut their price target for the company from $118.00 to $110.00 in a research note on Friday. StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, August 9th. Finally, Monness Crespi & Hardt lifted their target price on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a "neutral" rating in a research report on Monday, July 22nd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $122.56.

Insider Buying and Selling at Euronet Worldwide

In other news, Director Thomas A. Mcdonnell bought 3,206 shares of the stock in a transaction dated Monday, August 5th. The shares were bought at an average cost of $93.86 per share, with a total value of $300,915.16. Following the completion of the transaction, the director now directly owns 90,000 shares of the company's stock, valued at $8,447,400. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,206 shares of the firm's stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $93.86 per share, with a total value of $300,915.16. Following the completion of the transaction, the director now directly owns 90,000 shares in the company, valued at approximately $8,447,400. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Juan Bianchi sold 4,000 shares of the firm's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the transaction, the chief executive officer now directly owns 12,440 shares in the company, valued at approximately $1,276,095.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 10.50% of the company's stock.

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.