Euronet Worldwide, Inc. (NASDAQ:EEFT) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 3,675,132 shares, an increase of 29.0% from the November 15th total of 2,849,806 shares. Based on an average daily trading volume, of 336,897 shares, the days-to-cover ratio is presently 10.9 days. Approximately 7.3% of the company’s stock are short sold.
In other news, CEO Michael J. Brown sold 63,538 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $100.06, for a total value of $6,357,612.28. Following the transaction, the chief executive officer now directly owns 1,603,486 shares of the company’s stock, valued at $160,444,809.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Rick Weller sold 12,400 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $92.01, for a total value of $1,140,924.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 78,634 shares of company stock valued at $7,765,768. 7.70% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of EEFT. Janus Henderson Group PLC acquired a new stake in Euronet Worldwide during the second quarter worth about $329,644,000. Commerce Bank grew its holdings in Euronet Worldwide by 1,198.1% during the third quarter. Commerce Bank now owns 306,120 shares of the business services provider’s stock worth $29,017,000 after acquiring an additional 282,538 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Euronet Worldwide by 625.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 172,746 shares of the business services provider’s stock worth $15,093,000 after acquiring an additional 148,946 shares during the period. FMR LLC grew its holdings in Euronet Worldwide by 4.1% during the second quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock worth $309,023,000 after acquiring an additional 138,659 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Euronet Worldwide by 20.6% during the second quarter. Ameriprise Financial Inc. now owns 745,509 shares of the business services provider’s stock worth $65,132,000 after acquiring an additional 127,556 shares during the period. 95.39% of the stock is currently owned by hedge funds and other institutional investors.
Euronet Worldwide (EEFT) opened at $91.90 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $4,770.00, a PE ratio of 21.96, a PEG ratio of 1.41 and a beta of 1.36. Euronet Worldwide has a 1-year low of $70.51 and a 1-year high of $101.07.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.61. The business had revenue of $637.90 million for the quarter, compared to analyst estimates 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 was up 21.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.35 earnings per share. sell-side analysts anticipate that Euronet Worldwide will post 4.33 EPS for the current fiscal year.
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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.
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