Amalgamated Bank Purchases 1,230 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT)

Amalgamated Bank lifted its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFTFree Report) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,589 shares of the business services provider’s stock after buying an additional 1,230 shares during the quarter. Amalgamated Bank owned about 0.07% of Euronet Worldwide worth $2,666,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Belpointe Asset Management LLC grew its holdings in Euronet Worldwide by 236.9% during the first quarter. Belpointe Asset Management LLC now owns 219 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 154 shares during the period. Pinebridge Investments L.P. acquired a new position in Euronet Worldwide during the second quarter valued at approximately $46,000. CWM LLC grew its holdings in Euronet Worldwide by 92.2% during the third quarter. CWM LLC now owns 644 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 309 shares during the period. Quadrant Capital Group LLC grew its holdings in Euronet Worldwide by 71.8% during the second quarter. Quadrant Capital Group LLC now owns 481 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 201 shares during the period. Finally, Impact Partnership Wealth LLC acquired a new position in shares of Euronet Worldwide in the third quarter valued at approximately $93,000. Institutional investors and hedge funds own 94.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EEFT shares. Stephens upgraded shares of Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 price target for the company in a report on Thursday, February 1st. Needham & Company LLC upped their price target on shares of Euronet Worldwide from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Truist Financial upped their price target on shares of Euronet Worldwide from $90.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 23rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Euronet Worldwide has an average rating of “Moderate Buy” and an average price target of $109.33.

Check Out Our Latest Stock Analysis on Euronet Worldwide

Euronet Worldwide Price Performance

NASDAQ:EEFT opened at $103.90 on Monday. Euronet Worldwide, Inc. has a 52 week low of $73.84 and a 52 week high of $121.55. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 18.82 and a beta of 1.40. The firm’s 50-day simple moving average is $98.70 and its 200 day simple moving average is $88.31. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.38 and a current ratio of 1.54.

Euronet Worldwide (NASDAQ:EEFTGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.34. Euronet Worldwide had a net margin of 7.63% and a return on equity of 25.23%. The business had revenue of $957.70 million for the quarter, compared to analyst estimates of $844.59 million. During the same period last year, the firm earned $1.12 earnings per share. Euronet Worldwide’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, sell-side analysts predict that Euronet Worldwide, Inc. will post 7.45 earnings per share for the current year.

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.

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

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