Allspring Global Investments Holdings LLC Acquires 16,220 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Allspring Global Investments Holdings LLC grew its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,372,449 shares of the business services provider’s stock after buying an additional 16,220 shares during the quarter. Euronet Worldwide makes up approximately 0.5% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 29th largest holding. Allspring Global Investments Holdings LLC owned approximately 0.08% of Euronet Worldwide worth $340,955,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Wasatch Advisors LP boosted its position in shares of Euronet Worldwide by 45.8% in the third quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock valued at $71,102,000 after acquiring an additional 224,982 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Euronet Worldwide in the 3rd quarter worth approximately $15,258,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in Euronet Worldwide by 13.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock valued at $105,604,000 after purchasing an additional 127,240 shares during the period. Quantbot Technologies LP purchased a new position in shares of Euronet Worldwide during the 3rd quarter valued at $4,373,000. Finally, CX Institutional bought a new position in shares of Euronet Worldwide in the third quarter worth $4,246,000. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on EEFT. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Oppenheimer lowered their target price on shares of 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, Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.14.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the transaction, the chief executive officer now directly owns 90,288 shares of the company’s stock, valued at $9,625,603.68. The trade was a 36.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Martin L. Bruckner sold 9,397 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the sale, the senior vice president now owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. This represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,910 shares of company stock worth $8,780,102. 10.50% of the stock is currently owned by insiders.

Euronet Worldwide Stock Down 0.9 %

Shares of EEFT opened at $95.84 on Wednesday. Euronet Worldwide, Inc. has a 1 year low of $91.07 and a 1 year high of $117.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a 50 day simple moving average of $100.99 and a two-hundred day simple moving average of $100.88. The firm has a market cap of $4.21 billion, a P/E ratio of 13.85, a P/E/G ratio of 0.77 and a beta of 1.43.

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.