Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Michael J. Brown Sells 95,000 Shares of Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Michael J. Brown sold 95,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. This represents a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Euronet Worldwide Stock Up 2.7 %

Shares of EEFT stock opened at $105.07 on Tuesday. The firm has a fifty day moving average of $100.06 and a 200-day moving average of $101.04. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a 12-month low of $91.07 and a 12-month high of $117.66. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data 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%. As a group, equities research analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Euronet Worldwide

Several large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its position in shares of Euronet Worldwide by 0.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider’s stock worth $340,955,000 after acquiring an additional 16,220 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Euronet Worldwide by 1.5% during the fourth quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider’s stock worth $142,575,000 after purchasing an additional 20,805 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings 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 worth $112,743,000 after purchasing an additional 190,453 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Euronet Worldwide by 13.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock worth $105,604,000 after purchasing an additional 127,240 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Euronet Worldwide by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider’s stock worth $84,512,000 after purchasing an additional 24,569 shares during the last quarter. Institutional investors own 91.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on EEFT shares. Oppenheimer cut their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Stephens reaffirmed an “overweight” rating and issued a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company 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 given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.