Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Michael J. Brown sold 63,538 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $100.06, for a total transaction of $6,357,612.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Euronet Worldwide, Inc. (NASDAQ:EEFT) traded down 1.43% during trading on Tuesday, hitting $98.55. The stock had a trading volume of 372,579 shares. The stock has a market capitalization of $5.18 billion, a PE ratio of 31.81 and a beta of 1.34. The stock’s 50-day moving average is $96.87 and its 200-day moving average is $91.18. Euronet Worldwide, Inc. has a 52-week low of $70.51 and a 52-week high of $101.07.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, October 19th. The business services provider reported $1.61 EPS for the quarter, meeting analysts’ consensus estimates of $1.61. Euronet Worldwide had a return on equity of 23.76% and a net margin of 9.63%. The company had revenue of $637.90 million during the quarter, compared to analysts’ expectations of $595.09 million. During the same period last year, the business posted $1.35 earnings per share. The firm’s revenue was up 21.7% compared to the same quarter last year. On average, analysts predict that Euronet Worldwide, Inc. will post $4.56 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the business. BB&T Securities LLC raised its stake in shares of Euronet Worldwide by 3.8% in the second quarter. BB&T Securities LLC now owns 10,162 shares of the business services provider’s stock worth $887,000 after purchasing an additional 370 shares during the last quarter. Timpani Capital Management LLC purchased a new position in shares of Euronet Worldwide in the second quarter worth about $1,652,000. Renaissance Group LLC raised its stake in shares of Euronet Worldwide by 0.9% in the second 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 during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Euronet Worldwide by 100.6% in the second quarter. Russell Investments Group Ltd. now owns 23,146 shares of the business services provider’s stock worth $2,023,000 after purchasing an additional 11,606 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. raised its stake in shares of Euronet Worldwide by 1.0% in the second quarter. Eagle Boston Investment Management Inc. now owns 211,860 shares of the business services provider’s stock worth $18,510,000 after purchasing an additional 2,137 shares during the last quarter. Institutional investors own 93.89% of the company’s stock.

A number of equities analysts have weighed in on EEFT shares. Piper Jaffray Companies reiterated a “buy” rating and set a $112.00 target price on shares of Euronet Worldwide in a research report on Sunday. Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research note on Tuesday, September 26th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research note on Friday, October 6th. BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Finally, Northland Securities reissued a “buy” rating and set a $110.00 price target on shares of Euronet Worldwide in a research note on Thursday, October 19th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $108.67.

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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