Euronet Worldwide, Inc. (EEFT) CEO Sells $240,000.00 in Stock
Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Michael J. Brown sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now owns 1,603,486 shares of the company’s stock, valued at approximately $160,348,600. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Euronet Worldwide, Inc. (NASDAQ EEFT) traded down 1.43% during mid-day trading on Tuesday, hitting $98.55. 372,579 shares of the stock were exchanged. Euronet Worldwide, Inc. has a one year low of $70.51 and a one year high of $101.07. The company has a 50-day moving average of $96.92 and a 200 day moving average of $91.28. The stock has a market cap of $5.18 billion, a PE ratio of 31.81 and a beta of 1.34.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data 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. The business had revenue of $637.90 million for the quarter, compared to the consensus estimate of $595.09 million. Euronet Worldwide had a net margin of 9.63% and a return on equity of 23.76%. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 earnings per share. On average, equities analysts predict that Euronet Worldwide, Inc. will post $4.56 earnings per share for the current year.
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A number of brokerages have recently issued reports on EEFT. Piper Jaffray Companies restated a “buy” rating and set a $112.00 price target on shares of Euronet Worldwide in a report on Sunday. SunTrust Banks, Inc. restated a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a report on Friday, October 6th. BidaskClub upgraded shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 6th. Northland Securities restated a “buy” rating and set a $110.00 price target on shares of Euronet Worldwide in a report on Thursday, October 19th. Finally, Zacks Investment Research downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Euronet Worldwide presently has an average rating of “Buy” and an average target price of $108.67.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bristlecone Advisors LLC purchased a new position in Euronet Worldwide during the third quarter worth approximately $113,000. Fiduciary Trust Co. purchased a new position in Euronet Worldwide during the second quarter worth approximately $122,000. The Manufacturers Life Insurance Company raised its stake in Euronet Worldwide by 7.3% during the second 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Euronet Worldwide by 10.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock worth $157,000 after purchasing an additional 167 shares during the period. Finally, World Asset Management Inc purchased a new position in Euronet Worldwide during the second quarter worth approximately $201,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.
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.
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