Insider Selling: Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Sells 63,538 Shares of Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Michael J. Brown sold 63,538 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $100.06, for a total value of $6,357,612.28. Following the completion of the transaction, the chief executive officer now directly owns 1,603,486 shares of the company’s stock, valued at approximately $160,444,809.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Euronet Worldwide, Inc. (NASDAQ EEFT) traded up $0.06 during trading on Friday, hitting $90.70. The company’s stock had a trading volume of 304,800 shares, compared to its average volume of 299,263. The company has a market cap of $4,775.01, a PE ratio of 21.74, a price-to-earnings-growth ratio of 1.40 and a beta of 1.39. Euronet Worldwide, Inc. has a 52-week low of $70.51 and a 52-week high of $101.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44.

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, hitting analysts’ consensus estimates of $1.61. The firm had revenue of $637.90 million for the quarter, compared to analysts’ expectations of $595.09 million. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 EPS. sell-side analysts expect that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. boosted its holdings in shares of Euronet Worldwide by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,753 shares of the business services provider’s stock worth $503,000 after buying an additional 15 shares in the last quarter. Renaissance Group LLC boosted its holdings in shares of Euronet Worldwide by 0.9% during the 2nd quarter. Renaissance Group LLC now owns 3,864 shares of the business services provider’s stock worth $338,000 after buying an additional 36 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Euronet Worldwide by 1.9% during the 2nd quarter. American Century Companies Inc. now owns 4,972 shares of the business services provider’s stock worth $434,000 after buying an additional 94 shares in the last quarter. NGAM Advisors L.P. lifted its holdings in shares of Euronet Worldwide by 0.3% in the 2nd quarter. NGAM Advisors L.P. now owns 29,932 shares of the business services provider’s stock worth $2,616,000 after purchasing an additional 95 shares in the last quarter. Finally, Utah Retirement Systems lifted its holdings in shares of Euronet Worldwide by 1.1% in the 2nd quarter. Utah Retirement Systems now owns 9,200 shares of the business services provider’s stock worth $804,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 93.07% of the company’s stock.

Several research analysts have recently issued reports on the company. Lake Street Capital reaffirmed a “buy” rating and issued a $99.00 price objective (up previously from $96.00) on shares of Euronet Worldwide in a research note on Thursday, July 27th. Northland Securities reiterated a “buy” rating and issued a $110.00 target price on shares of Euronet Worldwide in a report on Thursday, October 19th. Piper Jaffray Companies reiterated a “buy” rating and issued a $112.00 target price on shares of Euronet Worldwide in a report on Sunday, October 22nd. BidaskClub upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, July 28th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $108.67.

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.

Insider Buying and Selling by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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