Truist Financial Corp Has $17.48 Million Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Truist Financial Corp cut its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,277 shares of the business services provider's stock after selling 15,438 shares during the period. Truist Financial Corp owned about 0.37% of Euronet Worldwide worth $17,484,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. SkyView Investment Advisors LLC raised its stake in Euronet Worldwide by 5.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,572 shares of the business services provider's stock valued at $283,000 after purchasing an additional 186 shares during the last quarter. FCF Advisors LLC acquired a new position in Euronet Worldwide in the 4th quarter valued at about $794,000. Voss Capital LLC increased its stake in shares of Euronet Worldwide by 52.8% during the 4th quarter. Voss Capital LLC now owns 565,256 shares of the business services provider's stock valued at $57,368,000 after acquiring an additional 195,404 shares during the last quarter. Burgundy Asset Management Ltd. acquired a new position in shares of Euronet Worldwide during the 3rd quarter valued at about $35,309,000. Finally, Algert Global LLC increased its stake in shares of Euronet Worldwide by 133.5% during the 3rd quarter. Algert Global LLC now owns 52,014 shares of the business services provider's stock valued at $4,129,000 after acquiring an additional 29,739 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EEFT. Stephens raised shares of Euronet Worldwide from an "equal weight" rating to an "overweight" rating and set a $120.00 price objective for the company in a research note on Thursday, February 1st. StockNews.com raised shares of Euronet Worldwide from a "hold" rating to a "buy" rating in a research note on Thursday, February 15th. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research note on Wednesday. Citigroup raised shares of Euronet Worldwide from a "neutral" rating to a "buy" rating and upped their price objective for the company from $116.00 to $120.00 in a research note on Monday, April 22nd. Finally, Needham & Company LLC upped their price objective on shares of Euronet Worldwide from $115.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, February 7th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $120.75.

Euronet Worldwide Stock Up 1.6 %

NASDAQ EEFT traded up $1.69 on Wednesday, reaching $104.37. The company had a trading volume of 729,298 shares, compared to its average volume of 276,044. The firm has a market capitalization of $4.79 billion, a PE ratio of 18.94 and a beta of 1.39. Euronet Worldwide, Inc. has a 1 year low of $73.84 and a 1 year high of $121.55. The firm has a 50-day moving average of $107.33 and a 200-day moving average of $98.09. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.54 and a quick ratio of 1.54.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.34. The firm had revenue of $957.70 million during the quarter, compared to analysts' expectations of $844.59 million. Euronet Worldwide had a return on equity of 25.23% and a net margin of 7.63%. Euronet Worldwide's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 EPS. On average, equities research analysts anticipate that Euronet Worldwide, Inc. will post 7.51 EPS for the current fiscal year.

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.