Allspring Global Investments Holdings LLC Lowers Stock Holdings in Euronet Worldwide, Inc. $EEFT

Allspring Global Investments Holdings LLC reduced its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 97.2% in the first quarter, Holdings Channel.com reports. The fund owned 11,339 shares of the business services provider’s stock after selling 397,140 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Euronet Worldwide were worth $748,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its holdings in shares of Euronet Worldwide by 17.0% in the first quarter. Goldman Sachs Group Inc. now owns 628,384 shares of the business services provider’s stock worth $67,143,000 after purchasing an additional 91,348 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Euronet Worldwide by 4.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,475 shares of the business services provider’s stock valued at $12,980,000 after buying an additional 5,009 shares during the period. Focus Partners Wealth purchased a new position in Euronet Worldwide during the first quarter worth about $202,000. Geneos Wealth Management Inc. increased its stake in Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after acquiring an additional 109 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Euronet Worldwide by 422.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,631 shares of the business services provider’s stock worth $165,000 after acquiring an additional 1,319 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EEFT. Weiss Ratings raised Euronet Worldwide from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 30th. DA Davidson reissued a “buy” rating and set a $102.00 price objective on shares of Euronet Worldwide in a report on Friday, July 10th. Finally, Needham & Company LLC restated a “buy” rating and issued a $85.00 price objective on shares of Euronet Worldwide in a research report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Euronet Worldwide has an average rating of “Hold” and an average price target of $95.00.

Insiders Place Their Bets

In other news, Director Thomas A. Mcdonnell bought 3,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of $66.87 per share, with a total value of $200,610.00. Following the completion of the purchase, the director directly owned 100,219 shares in the company, valued at $6,701,644.53. This represents a 3.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 12.19% of the stock is owned by insiders.

Euronet Worldwide Trading Down 0.2%

NASDAQ EEFT opened at $79.18 on Tuesday. The stock’s 50-day simple moving average is $71.86 and its two-hundred day simple moving average is $71.44. Euronet Worldwide, Inc. has a twelve month low of $62.50 and a twelve month high of $105.86. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 0.62 and a beta of 0.83.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $969.68 million. Euronet Worldwide had a return on equity of 28.37% and a net margin of 7.15%.The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 EPS. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. Research analysts forecast that Euronet Worldwide, Inc. will post 9.83 EPS for the current fiscal year.

Euronet Worldwide 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.