Allspring Global Investments Holdings LLC Has $305.35 Million Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 16.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,803,683 shares of the business services provider's stock after selling 568,766 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 6.48% of Euronet Worldwide worth $305,349,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Illinois Municipal Retirement Fund grew its position in Euronet Worldwide by 49.9% during the first quarter. Illinois Municipal Retirement Fund now owns 20,108 shares of the business services provider's stock valued at $2,149,000 after purchasing an additional 6,691 shares in the last quarter. Edmp Inc. purchased a new position in shares of Euronet Worldwide during the 1st quarter valued at $261,000. Moran Wealth Management LLC increased its stake in shares of Euronet Worldwide by 51.4% in the first quarter. Moran Wealth Management LLC now owns 43,900 shares of the business services provider's stock worth $4,691,000 after acquiring an additional 14,896 shares during the last quarter. Retirement Guys Formula LLC purchased a new stake in shares of Euronet Worldwide during the first quarter worth $205,000. Finally, Asset Management One Co. Ltd. raised its holdings in shares of Euronet Worldwide by 211.6% during the first quarter. Asset Management One Co. Ltd. now owns 1,991 shares of the business services provider's stock worth $213,000 after acquiring an additional 1,352 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Euronet Worldwide Stock Performance

Shares of EEFT stock traded up $2.61 during trading on Tuesday, reaching $103.99. The company had a trading volume of 651,669 shares, compared to its average volume of 373,290. The firm's 50 day simple moving average is $105.38 and its two-hundred day simple moving average is $102.36. Euronet Worldwide, Inc. has a one year low of $85.24 and a one year high of $114.25. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market capitalization of $4.50 billion, a PE ratio of 15.41, a PEG ratio of 0.76 and a beta of 1.27.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, meeting analysts' consensus estimates of $1.13. The company had revenue of $915.50 million for the quarter, compared to analyst estimates of $908.93 million. Euronet Worldwide had a net margin of 7.88% and a return on equity of 26.97%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 earnings per share. Sell-side analysts forecast that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods dropped their target price on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. William Blair restated an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Finally, Needham & Company LLC cut their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $125.57.

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.