Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 16.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 6.48% of Euronet Worldwide worth $305,349,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC grew its position in Euronet Worldwide by 46.4% in the first quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider's stock valued at $504,000 after acquiring an additional 1,496 shares in the last quarter. ProShare Advisors LLC acquired a new stake in Euronet Worldwide in the fourth quarter valued at approximately $215,000. Dimensional Fund Advisors LP grew its position in shares of Euronet Worldwide by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock worth $84,512,000 after buying an additional 24,569 shares in the last quarter. Deutsche Bank AG grew its position in shares of Euronet Worldwide by 65.0% during the fourth quarter. Deutsche Bank AG now owns 5,643 shares of the business services provider's stock worth $580,000 after buying an additional 2,223 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in shares of Euronet Worldwide by 0.8% during the fourth quarter. HighTower Advisors LLC now owns 25,883 shares of the business services provider's stock worth $2,662,000 after buying an additional 209 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EEFT shares. Keefe, Bruyette & Woods decreased their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research report on Friday, April 25th. Needham & Company LLC decreased their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Euronet Worldwide presently has an average rating of "Moderate Buy" and a consensus target price of $125.57.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $101.84 on Friday. The business's fifty day moving average price is $105.19 and its 200 day moving average price is $102.40. Euronet Worldwide, Inc. has a 12-month low of $85.24 and a 12-month high of $114.25. The stock has a market capitalization of $4.40 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 0.76 and a beta of 1.27. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.60 and a quick ratio of 1.60.

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

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.

Want to see what other hedge funds are holding EEFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.