Allspring Global Investments Holdings LLC Has $290 Million Stock Holdings in Euronet Worldwide, Inc. $EEFT

Key Points

• Allspring Global Investments Holdings LLC has slightly reduced its stake in Euronet Worldwide, Inc. to 2,788,743 shares, now valued at approximately $290 million.
• Institutional investors hold 91.60% of Euronet Worldwide's stock, indicating significant investor confidence in the company.
• Euronet Worldwide's most recent earnings report showed an EPS of $2.56, which was below analysts' expectations of $2.66, despite a revenue increase of 8.9% compared to the previous year.

Allspring Global Investments Holdings LLC decreased its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,788,743 shares of the business services provider's stock after selling 14,940 shares during the period. Allspring Global Investments Holdings LLC owned about 6.45% of Euronet Worldwide worth $290,001,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. LRI Investments LLC increased its holdings in shares of Euronet Worldwide by 26.7% during the second quarter. LRI Investments LLC now owns 1,540 shares of the business services provider's stock worth $156,000 after buying an additional 325 shares in the last quarter. CWM LLC grew its position in Euronet Worldwide by 144.8% during the 2nd quarter. CWM LLC now owns 24,501 shares of the business services provider's stock worth $2,484,000 after acquiring an additional 14,493 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Euronet Worldwide by 8.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,527 shares of the business services provider's stock worth $256,000 after acquiring an additional 195 shares during the last quarter. Benson Investment Management Company Inc. acquired a new position in Euronet Worldwide in the 2nd quarter worth about $3,674,000. Finally, IFP Advisors Inc raised its position in Euronet Worldwide by 51.8% in the second quarter. IFP Advisors Inc now owns 3,716 shares of the business services provider's stock valued at $377,000 after purchasing an additional 1,268 shares during the last quarter. Institutional investors own 91.60% of the company's stock.

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $83.11 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.74. Euronet Worldwide, Inc. has a twelve month low of $82.72 and a twelve month high of $114.25. The company has a fifty day moving average of $91.21 and a 200-day moving average of $98.88. The firm has a market capitalization of $3.41 billion, a P/E ratio of 11.40, a P/E/G ratio of 0.67 and a beta of 1.21.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $2.56 EPS for the quarter, missing analysts' consensus estimates of $2.66 by ($0.10). Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business posted $2.25 earnings per share. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Wall Street Analysts Forecast Growth

EEFT has been the topic of several research reports. Weiss Ratings restated a "hold (c)" rating on shares of Euronet Worldwide in a report on Wednesday, October 8th. DA Davidson reissued a "buy" rating and set a $130.00 target price on shares of Euronet Worldwide in a report on Friday, September 12th. Oppenheimer upped their price target on shares of Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods cut their price target on shares of Euronet Worldwide from $110.00 to $100.00 and set a "market perform" rating on the stock in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $121.17.

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.

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