Corebridge Financial Inc. Has $4.81 Million Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Corebridge Financial Inc. decreased its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,735 shares of the business services provider’s stock after selling 3,199 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of Euronet Worldwide worth $4,806,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EEFT. Wasatch Advisors LP increased its position in Euronet Worldwide by 45.8% during the third quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock worth $71,102,000 after buying an additional 224,982 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Euronet Worldwide by 13.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock valued at $105,604,000 after acquiring an additional 127,240 shares in the last quarter. Sei Investments Co. lifted its holdings in Euronet Worldwide by 9.1% in the 4th quarter. Sei Investments Co. now owns 425,971 shares of the business services provider’s stock worth $43,807,000 after purchasing an additional 35,391 shares during the last quarter. Hahn Capital Management LLC boosted its position in Euronet Worldwide by 48.0% during the fourth quarter. Hahn Capital Management LLC now owns 105,278 shares of the business services provider’s stock worth $10,827,000 after purchasing an additional 34,152 shares during the period. Finally, Value Holdings Management CO. LLC grew its holdings in Euronet Worldwide by 119.8% during the fourth quarter. Value Holdings Management CO. LLC now owns 57,823 shares of the business services provider’s stock valued at $5,947,000 after purchasing an additional 31,518 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Insider Buying and Selling

In other news, CEO Michael J. Brown sold 95,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total value of $9,565,550.00. Following the sale, the chief executive officer now directly owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This represents a 6.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 10.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Oppenheimer cut their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Finally, Stephens restated an “overweight” rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $125.86.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT opened at $107.13 on Friday. The firm has a market capitalization of $4.69 billion, a PE ratio of 16.56, a PEG ratio of 0.78 and a beta of 1.37. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a 1-year low of $91.07 and a 1-year high of $117.66. The business’s 50 day moving average is $101.70 and its 200-day moving average is $101.39.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. Sell-side analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current 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.