Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Sells $9,565,550.00 in Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Michael J. Brown sold 95,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the sale, the chief executive officer now directly owns 1,418,966 shares of the company’s stock, valued at approximately $142,875,686.54. The trade was a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $105.72 on Wednesday. Euronet Worldwide, Inc. has a 52 week low of $91.07 and a 52 week high of $117.66. The business’s 50 day moving average price is $100.18 and its 200 day moving average price is $101.02. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The firm has a market cap of $4.62 billion, a P/E ratio of 16.34, a P/E/G ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. On average, sell-side analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Institutional Trading of Euronet Worldwide

A number of hedge funds have recently modified their holdings of EEFT. Brucke Financial Inc. purchased a new stake in Euronet Worldwide in the 4th quarter worth approximately $308,000. Toronto Dominion Bank purchased a new stake in Euronet Worldwide during the fourth quarter worth $1,461,000. Burgundy Asset Management Ltd. grew its position in Euronet Worldwide by 21.0% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider’s stock valued at $112,743,000 after buying an additional 190,453 shares during the period. Vise Technologies Inc. increased its holdings in Euronet Worldwide by 3.9% in the fourth quarter. Vise Technologies Inc. now owns 4,656 shares of the business services provider’s stock valued at $479,000 after buying an additional 174 shares in the last quarter. Finally, CSS LLC IL acquired a new position in shares of Euronet Worldwide in the fourth quarter worth about $462,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on EEFT. Needham & Company LLC reissued a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a research report on Thursday, December 12th. Stephens reiterated an “overweight” rating and set a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. Oppenheimer dropped their target price on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Finally, Keefe, Bruyette & Woods boosted their price target on Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.00.

About Euronet Worldwide

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 and prepaid card outsourcing, card issuing, and merchant acquiring services.