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

Allspring Global Investments Holdings LLC grew its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 0.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,372,449 shares of the business services provider’s stock after buying an additional 16,220 shares during the period. Euronet Worldwide makes up 0.5% of Allspring Global Investments Holdings LLC’s investment portfolio, making the stock its 29th largest holding. Allspring Global Investments Holdings LLC owned about 7.68% of Euronet Worldwide worth $340,955,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Thompson Siegel & Walmsley LLC raised its stake in Euronet Worldwide by 5.4% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock worth $16,004,000 after buying an additional 8,230 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Euronet Worldwide during the third quarter valued at approximately $15,258,000. Holocene Advisors LP acquired a new position in shares of Euronet Worldwide during the third quarter worth approximately $666,000. Janney Montgomery Scott LLC raised its position in shares of Euronet Worldwide by 28.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider’s stock worth $1,236,000 after purchasing an additional 2,632 shares during the period. Finally, Reinhart Partners LLC. lifted its holdings in shares of Euronet Worldwide by 3.4% in the 4th quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock worth $64,496,000 after purchasing an additional 20,824 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Martin L. Bruckner sold 9,397 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the transaction, the senior vice president now directly owns 39,983 shares of the company’s stock, valued at $4,290,575.73. This represents a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the sale, the chief executive officer now owns 52,370 shares of the company’s stock, valued at approximately $5,423,437.20. The trade was a 29.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,910 shares of company stock valued at $8,780,102. Insiders own 10.50% of the company’s stock.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $95.84 on Wednesday. The company has a market capitalization of $4.21 billion, a PE ratio of 13.85, a PEG ratio of 0.77 and a beta of 1.43. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The stock’s 50 day moving average price is $100.99 and its 200-day moving average price is $100.88. Euronet Worldwide, Inc. has a twelve month low of $91.07 and a twelve month high of $117.66.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Oppenheimer decreased their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Needham & Company LLC reissued a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday, December 12th. Finally, Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their target price for the company from $118.00 to $110.00 in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.14.

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.