Russell Investments Group Ltd. Sells 147 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Posted by on May 13th, 2023

Russell Investments Group Ltd. reduced its position in Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Rating) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,374 shares of the business services provider’s stock after selling 147 shares during the period. Russell Investments Group Ltd. owned approximately 0.21% of Euronet Worldwide worth $9,945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Arizona State Retirement System raised its position in Euronet Worldwide by 1.8% in the 4th quarter. Arizona State Retirement System now owns 13,990 shares of the business services provider’s stock valued at $1,320,000 after buying an additional 253 shares during the last quarter. Mawer Investment Management Ltd. raised its position in Euronet Worldwide by 77.7% in the 4th quarter. Mawer Investment Management Ltd. now owns 15,268 shares of the business services provider’s stock valued at $1,441,000 after buying an additional 6,675 shares during the last quarter. LPL Financial LLC raised its position in Euronet Worldwide by 2.3% in the 4th quarter. LPL Financial LLC now owns 12,636 shares of the business services provider’s stock valued at $1,193,000 after buying an additional 282 shares during the last quarter. Biltmore Family Office LLC purchased a new stake in Euronet Worldwide in the 4th quarter valued at $221,000. Finally, Envestnet Asset Management Inc. raised its position in Euronet Worldwide by 1.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 89,894 shares of the business services provider’s stock valued at $8,484,000 after buying an additional 1,209 shares during the last quarter. 93.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Euronet Worldwide news, CEO Nikos Fountas sold 4,280 shares of the firm’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $103.06, for a total value of $441,096.80. Following the completion of the transaction, the chief executive officer now owns 31,529 shares in the company, valued at approximately $3,249,378.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.90% of the stock is owned by corporate insiders.

Euronet Worldwide Trading Up 0.1 %

Shares of EEFT opened at $111.45 on Friday. Euronet Worldwide, Inc. has a fifty-two week low of $71.60 and a fifty-two week high of $123.40. The business has a 50-day moving average of $108.57 and a 200 day moving average of $102.00. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.58 and a current ratio of 1.75. The firm has a market cap of $5.56 billion, a P/E ratio of 23.97 and a beta of 1.34.

Euronet Worldwide (NASDAQ:EEFT – Get Rating) last issued its earnings results on Tuesday, February 7th. The business services provider reported $1.12 EPS for the quarter, topping the consensus estimate of $1.02 by $0.10. Euronet Worldwide had a return on equity of 25.83% and a net margin of 7.15%. The business had revenue of $865.70 million during the quarter, compared to the consensus estimate of $865.14 million. As a group, research analysts forecast that Euronet Worldwide, Inc. will post 6.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EEFT. Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and set a $117.00 target price for the company. in a research report on Monday, January 23rd. Needham & Company LLC raised their target price on Euronet Worldwide from $105.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Truist Financial raised their target price on Euronet Worldwide from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, January 20th. TheStreet lowered Euronet Worldwide from a “b-” rating to a “c” rating in a research report on Wednesday, May 3rd. Finally, UBS Group raised their target price on Euronet Worldwide from $131.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Euronet Worldwide presently has an average rating of “Hold” and an average price target of $119.38.

Euronet Worldwide Company Profile

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Euronet Worldwide, Inc engages in the provision of electronic payment and transaction processing and distribution solutions. Its products and services include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, software solutions and cloud based payment solutions, electronic distribution of electronic payment products, foreign exchange services, and international payment services.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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