Insider Selling: Euronet Worldwide, Inc. (EEFT) CFO Sells 15,601 Shares of Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CFO Rick Weller sold 15,601 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $92.01, for a total value of $1,435,448.01. Following the completion of the transaction, the chief financial officer now directly owns 80,285 shares of the company’s stock, valued at approximately $7,387,022.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rick Weller also recently made the following trade(s):

  • On Wednesday, December 13th, Rick Weller sold 12,400 shares of Euronet Worldwide stock. The stock was sold at an average price of $92.01, for a total value of $1,140,924.00.

Euronet Worldwide, Inc. (NASDAQ:EEFT) traded up $0.82 during mid-day trading on Thursday, reaching $95.19. 313,874 shares of the company traded hands, compared to its average volume of 699,922. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. Euronet Worldwide, Inc. has a 1 year low of $70.51 and a 1 year high of $101.07. The company has a market cap of $4,970.00, a PE ratio of 25.12, a PEG ratio of 1.27 and a beta of 1.36.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, October 19th. The business services provider reported $1.61 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 company had revenue of $637.90 million during the quarter, compared to analysts’ expectations of $595.09 million. During the same quarter in the previous year, the company posted $1.35 EPS. The business’s revenue for the quarter was up 21.7% compared to the same quarter last year. equities research analysts anticipate that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in EEFT. Alps Advisors Inc. raised its holdings in shares of Euronet Worldwide by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,753 shares of the business services provider’s stock valued at $503,000 after purchasing an additional 15 shares during the period. Renaissance Group LLC grew its position 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 purchasing an additional 36 shares in the last quarter. American Century Companies Inc. grew its position 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 purchasing an additional 94 shares in the last quarter. Utah Retirement Systems grew its position in shares of Euronet Worldwide by 1.1% during 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. Finally, The Manufacturers Life Insurance Company grew its position in shares of Euronet Worldwide by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after purchasing an additional 116 shares in the last quarter. 95.17% of the stock is owned by hedge funds and other institutional investors.

EEFT has been the subject of several recent analyst reports. BidaskClub upgraded Euronet Worldwide from a “strong sell” rating to a “sell” rating in a report on Friday, January 5th. Zacks Investment Research lowered Euronet Worldwide from a “hold” rating to a “sell” rating in a report on Monday, December 25th. William Blair downgraded Euronet Worldwide from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Goldman Sachs Group assumed coverage on Euronet Worldwide in a research report on Thursday, December 14th. They issued a “buy” rating and a $110.00 price target on the stock. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $112.00 target price on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $108.86.

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Euronet Worldwide Company Profile

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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