Wasatch Advisors LP Holds 1.3% Stake in Euronet Worldwide
Ticker: EEFT · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1029199
| Field | Detail |
|---|---|
| Company | Euronet Worldwide, Inc. (EEFT) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment
TL;DR
**Wasatch Advisors LP still owns 1.3% of Euronet Worldwide, a passive stake.**
AI Summary
Wasatch Advisors LP, an investment adviser, filed an amended SC 13G/A on February 9, 2024, disclosing a 1.3% ownership stake in Euronet Worldwide, Inc. This represents 579,334 shares of common stock, all with sole voting and dispositive power. This filing indicates a minor adjustment or reaffirmation of their passive investment, which is important for investors to track as it shows institutional interest, albeit at a non-controlling level.
Why It Matters
This filing confirms Wasatch Advisors LP's continued, albeit small, institutional investment in Euronet Worldwide, which can signal confidence to other investors, though it's not a significant enough stake to influence company decisions.
Risk Assessment
Risk Level: low — This filing is a routine update of a passive investment and does not indicate any immediate risks or significant changes in company control.
Analyst Insight
Investors should note that a 1.3% stake is a passive investment and unlikely to drive significant stock movement, but it confirms continued institutional interest in Euronet Worldwide, Inc.
Key Numbers
- 579,334 — Shares Owned (Represents the total number of common stock shares of Euronet Worldwide, Inc. held by Wasatch Advisors LP.)
- 1.3% — Percent of Class Owned (Indicates the proportion of Euronet Worldwide's common stock that Wasatch Advisors LP owns, showing a passive investment.)
Key Players & Entities
- Wasatch Advisors LP (company) — the reporting person and investment adviser
- Euronet Worldwide, Inc. (company) — the issuer of the securities
- 579,334 (dollar_amount) — the number of shares of common stock owned by Wasatch Advisors LP
- 1.3% (dollar_amount) — the percentage of Euronet Worldwide's class owned by Wasatch Advisors LP
- February 9, 2024 (dollar_amount) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- Wasatch Advisors LP will maintain a similar passive ownership stake in Euronet Worldwide, Inc. in the near future. (Wasatch Advisors LP) — high confidence, target: Q3 2024
FAQ
What is the purpose of this SC 13G/A filing by Wasatch Advisors LP?
This SC 13G/A filing is an amendment (Amendment No. 1) to report Wasatch Advisors LP's beneficial ownership of common stock in Euronet Worldwide, Inc., specifically stating they own 579,334 shares, representing 1.3% of the class.
How many shares of Euronet Worldwide, Inc. common stock does Wasatch Advisors LP beneficially own, according to this filing?
According to Item 9 and Item 4(a) of the filing, Wasatch Advisors LP beneficially owns an aggregate amount of 579,334 shares of Euronet Worldwide, Inc. common stock.
What percentage of Euronet Worldwide, Inc.'s common stock does Wasatch Advisors LP own?
The filing states in Item 11 and Item 4(b) that Wasatch Advisors LP owns 1.3% of the class of Euronet Worldwide, Inc.'s common stock.
Does Wasatch Advisors LP have sole or shared voting and dispositive power over these shares?
Wasatch Advisors LP has sole voting power over all 579,334 shares (Item 5 and Item 4(c)(i)) and sole dispositive power over all 579,334 shares (Item 7 and Item 4(c)(iii)), with zero shared voting or dispositive power.
What type of entity is Wasatch Advisors LP, as indicated in the filing?
Wasatch Advisors LP is identified as an Investment Adviser registered under section 203 of the Investment Advisers Act of 1940 (Item 12 and Item 3(e)).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 regarding EURONET WORLDWIDE, INC. (EEFT).