Allspring Global Investments Holdings LLC Sells 2,186,297 Shares of Euronet Worldwide, Inc. $EEFT

Allspring Global Investments Holdings LLC cut its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 84.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 408,479 shares of the business services provider’s stock after selling 2,186,297 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.97% of Euronet Worldwide worth $30,268,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL purchased a new stake in Euronet Worldwide during the 3rd quarter valued at $42,813,000. AQR Capital Management LLC lifted its holdings in Euronet Worldwide by 131.9% in the second quarter. AQR Capital Management LLC now owns 1,308,267 shares of the business services provider’s stock valued at $132,632,000 after acquiring an additional 744,040 shares during the period. Voss Capital LP boosted its position in Euronet Worldwide by 66.5% in the third quarter. Voss Capital LP now owns 1,340,000 shares of the business services provider’s stock worth $117,665,000 after purchasing an additional 535,000 shares during the last quarter. Norges Bank purchased a new position in Euronet Worldwide in the second quarter worth about $48,417,000. Finally, American Century Companies Inc. grew its stake in shares of Euronet Worldwide by 29.7% during the 3rd quarter. American Century Companies Inc. now owns 1,741,996 shares of the business services provider’s stock valued at $152,965,000 after purchasing an additional 399,263 shares during the period. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

NASDAQ EEFT opened at $64.05 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. Euronet Worldwide, Inc. has a 12 month low of $63.73 and a 12 month high of $114.25. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.52 and a beta of 0.82. The company’s 50 day moving average is $70.49 and its two-hundred day moving average is $75.83.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, February 12th. The business services provider reported $2.39 earnings per share for the quarter, missing analysts’ consensus estimates of $2.48 by ($0.09). The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Euronet Worldwide had a return on equity of 27.22% and a net margin of 7.33%.The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.08 earnings per share. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. As a group, research analysts anticipate that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Analyst Ratings Changes

EEFT has been the subject of several recent research reports. Wolfe Research restated an “underperform” rating and set a $80.00 target price on shares of Euronet Worldwide in a research report on Thursday, January 8th. Needham & Company LLC dropped their price target on shares of Euronet Worldwide from $100.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Weiss Ratings raised shares of Euronet Worldwide from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, March 17th. Keefe, Bruyette & Woods reduced their price objective on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a research note on Friday, February 13th. Finally, DA Davidson set a $112.00 target price on Euronet Worldwide in a report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Euronet Worldwide currently has an average rating of “Hold” and an average target price of $96.00.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.