Rick Weller Sells 40,000 Shares of Euronet Worldwide, Inc. (EEFT) Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CFO Rick Weller sold 40,000 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $120.31, for a total transaction of $4,812,400.00. Following the transaction, the chief financial officer now owns 33,944 shares of the company’s stock, valued at approximately $4,083,802.64. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of EEFT traded down $1.98 during trading hours on Friday, reaching $110.94. The company had a trading volume of 137,649 shares, compared to its average volume of 463,056. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.55. Euronet Worldwide, Inc. has a 12-month low of $70.67 and a 12-month high of $121.93. The company has a market capitalization of $5.99 billion, a PE ratio of 25.62, a P/E/G ratio of 1.66 and a beta of 1.06.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Thursday, October 18th. The business services provider reported $2.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.05. Euronet Worldwide had a net margin of 6.02% and a return on equity of 24.13%. The firm had revenue of $714.50 million during the quarter, compared to the consensus estimate of $709.33 million. On average, research analysts anticipate that Euronet Worldwide, Inc. will post 5.25 EPS for the current year.

A number of large investors have recently bought and sold shares of the business. Great Lakes Advisors LLC increased its holdings in Euronet Worldwide by 149.8% during the 3rd quarter. Great Lakes Advisors LLC now owns 118,855 shares of the business services provider’s stock valued at $11,912,000 after acquiring an additional 71,282 shares in the last quarter. Vanguard Group Inc. increased its holdings in Euronet Worldwide by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,324,654 shares of the business services provider’s stock valued at $433,417,000 after acquiring an additional 87,599 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in Euronet Worldwide by 4.3% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 238,963 shares of the business services provider’s stock valued at $23,949,000 after acquiring an additional 9,842 shares in the last quarter. Teachers Advisors LLC increased its holdings in Euronet Worldwide by 14.8% during the 3rd quarter. Teachers Advisors LLC now owns 141,916 shares of the business services provider’s stock valued at $14,223,000 after acquiring an additional 18,295 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in Euronet Worldwide by 7.1% during the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 48,400 shares of the business services provider’s stock valued at $4,851,000 after acquiring an additional 3,200 shares in the last quarter.

EEFT has been the subject of a number of analyst reports. Citigroup initiated coverage on shares of Euronet Worldwide in a research report on Tuesday, October 9th. They set a “buy” rating and a $135.00 price objective for the company. DA Davidson increased their price target on shares of Euronet Worldwide from $114.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, October 4th. BidaskClub upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, October 4th. SunTrust Banks increased their price target on shares of Euronet Worldwide to $155.00 and gave the company a “buy” rating in a report on Wednesday, October 3rd. Finally, ValuEngine upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $128.88.

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About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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