Huntington National Bank Has $74,000 Stake in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Huntington National Bank cut its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFTFree Report) by 19.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 933 shares of the business services provider’s stock after selling 230 shares during the period. Huntington National Bank’s holdings in Euronet Worldwide were worth $74,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EEFT. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Euronet Worldwide in the 1st quarter valued at $211,000. Bank of Montreal Can increased its stake in Euronet Worldwide by 39.2% during the 1st quarter. Bank of Montreal Can now owns 12,604 shares of the business services provider’s stock valued at $1,587,000 after purchasing an additional 3,549 shares in the last quarter. Rhumbline Advisers increased its stake in Euronet Worldwide by 169.2% during the 1st quarter. Rhumbline Advisers now owns 140,005 shares of the business services provider’s stock valued at $18,222,000 after purchasing an additional 87,988 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Euronet Worldwide during the 1st quarter valued at $2,521,000. Finally, Great West Life Assurance Co. Can increased its stake in Euronet Worldwide by 886.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 28,734 shares of the business services provider’s stock valued at $3,844,000 after purchasing an additional 25,821 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. 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 research note on Thursday, February 1st. Truist Financial boosted their price target on shares of Euronet Worldwide from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 23rd. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Finally, Needham & Company LLC lifted their price objective on shares of Euronet Worldwide from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $109.33.

Check Out Our Latest Stock Analysis on Euronet Worldwide

Euronet Worldwide Price Performance

EEFT opened at $107.36 on Tuesday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.54 and a quick ratio of 1.38. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 19.45 and a beta of 1.40. The firm’s fifty day moving average price is $99.06 and its two-hundred day moving average price is $88.43. Euronet Worldwide, Inc. has a 1 year low of $73.84 and a 1 year high of $121.55.

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

Euronet Worldwide Company Profile

(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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