Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Michael J. Brown sold 2,400 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,603,486 shares in the company, valued at approximately $160,348,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Euronet Worldwide, Inc. (EEFT) traded up $0.06 during midday trading on Friday, reaching $90.70. 304,800 shares of the company’s stock traded hands, compared to its average volume of 299,263. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50. Euronet Worldwide, Inc. has a twelve month low of $70.51 and a twelve month high of $101.07. The stock has a market capitalization of $4,775.01, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 1.40 and a beta of 1.39.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.61. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. The business had revenue of $637.90 million during the quarter, compared to analyst estimates of $595.09 million. During the same period in the prior year, the business posted $1.35 earnings per share. The company’s revenue was up 21.7% on a year-over-year basis. equities analysts expect that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current year.
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A number of research firms recently commented on EEFT. Lake Street Capital reissued a “buy” rating and issued a $99.00 target price (up previously from $96.00) on shares of Euronet Worldwide in a research note on Thursday, July 27th. Northland Securities reissued a “buy” rating and issued a $110.00 target price on shares of Euronet Worldwide in a research note on Thursday, October 19th. Piper Jaffray Companies reissued a “buy” rating and issued a $112.00 target price on shares of Euronet Worldwide in a research note on Sunday, October 22nd. BidaskClub upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Euronet Worldwide presently has an average rating of “Buy” and a consensus price target of $108.67.
Several institutional investors have recently bought and sold shares of EEFT. Janus Henderson Group PLC purchased a new stake in shares of Euronet Worldwide during the second quarter worth about $329,644,000. Commerce Bank boosted its holdings in shares of Euronet Worldwide by 1,198.1% during the third quarter. Commerce Bank now owns 306,120 shares of the business services provider’s stock worth $29,017,000 after purchasing an additional 282,538 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Euronet Worldwide by 4.6% during the first quarter. Vanguard Group Inc. now owns 3,888,919 shares of the business services provider’s stock worth $332,581,000 after purchasing an additional 170,782 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Euronet Worldwide by 625.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 172,746 shares of the business services provider’s stock worth $15,093,000 after purchasing an additional 148,946 shares during the period. Finally, FMR LLC boosted its holdings in shares of Euronet Worldwide by 4.1% during the second quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock worth $309,023,000 after purchasing an additional 138,659 shares during the period. Institutional investors own 93.07% of the company’s stock.
About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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