Truist Financial Corp Trims Stock Holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Posted by Defense World Staff on Aug 8th, 2023

Truist Financial Corp trimmed its position in Euronet Worldwide, Inc. (NASDAQ:EEFT – Free Report) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 211,305 shares of the business services provider’s stock after selling 1,615 shares during the period. Truist Financial Corp owned 0.42% of Euronet Worldwide worth $23,645,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its holdings in Euronet Worldwide by 3.2% in the fourth quarter. Raymond James Trust N.A. now owns 2,758 shares of the business services provider’s stock worth $260,000 after acquiring an additional 85 shares in the last quarter. State of Michigan Retirement System boosted its holdings in Euronet Worldwide by 0.8% in the fourth quarter. State of Michigan Retirement System now owns 12,017 shares of the business services provider’s stock worth $1,134,000 after acquiring an additional 100 shares in the last quarter. Xponance Inc. boosted its holdings in Euronet Worldwide by 1.1% in the first quarter. Xponance Inc. now owns 9,856 shares of the business services provider’s stock worth $1,103,000 after acquiring an additional 107 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Euronet Worldwide by 18.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 747 shares of the business services provider’s stock worth $72,000 after acquiring an additional 117 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in Euronet Worldwide by 40.9% in the fourth quarter. Huntington National Bank now owns 472 shares of the business services provider’s stock worth $45,000 after acquiring an additional 137 shares in the last quarter. 95.22% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Performance

Shares of EEFT stock opened at $86.98 on Tuesday. The stock has a market cap of $4.32 billion, a PE ratio of 16.66 and a beta of 1.28. Euronet Worldwide, Inc. has a 52-week low of $71.60 and a 52-week high of $121.55. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.95. The business has a 50-day simple moving average of $110.05 and a 200-day simple moving average of $110.21.

Insider Transactions at Euronet Worldwide

In related news, CEO Michael J. Brown sold 50,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $120.69, for a total value of $6,034,500.00. Following the completion of the sale, the chief executive officer now owns 1,487,361 shares of the company’s stock, valued at $179,509,599.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.90% of the company’s stock.

Analyst Upgrades and Downgrades

EEFT has been the topic of several analyst reports. 22nd Century Group reissued a “maintains” rating on shares of Euronet Worldwide in a report on Friday, May 19th. Citigroup lowered their price target on Euronet Worldwide from $120.00 to $119.00 and set a “neutral” rating on the stock in a report on Monday, July 24th. Truist Financial lowered their price target on Euronet Worldwide from $155.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, July 27th. TheStreet raised Euronet Worldwide from a “c” rating to a “b-” rating in a report on Wednesday, July 26th. Finally, StockNews.com initiated coverage on Euronet Worldwide in a report on Thursday, May 18th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $117.75.

Check Out Our Latest Report on EEFT

About Euronet Worldwide

(Free Report)

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 card outsourcing, card issuing, and merchant acquiring services.