Michael J. Brown Sells 20,000 Shares of Euronet Worldwide, Inc. (EEFT) Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Michael J. Brown sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $79.63, for a total transaction of $1,592,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,502,348 shares of the company’s stock, valued at approximately $119,631,971.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Euronet Worldwide, Inc. (NASDAQ:EEFT) traded up $0.28 during trading on Wednesday, hitting $78.89. 1,010,017 shares of the stock traded hands, compared to its average volume of 649,265. The firm has a market capitalization of $4,206.58, a PE ratio of 28.07, a PEG ratio of 1.07 and a beta of 1.43. Euronet Worldwide, Inc. has a 12 month low of $76.26 and a 12 month high of $101.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The company had revenue of $604.60 million during the quarter, compared to analysts’ expectations of $609.53 million. Euronet Worldwide had a net margin of 6.97% and a return on equity of 22.41%. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. equities research analysts forecast that Euronet Worldwide, Inc. will post 5 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in EEFT. Northern Trust Corp boosted its holdings in Euronet Worldwide by 1.1% during the second quarter. Northern Trust Corp now owns 305,635 shares of the business services provider’s stock worth $26,704,000 after purchasing an additional 3,384 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Euronet Worldwide by 3.8% during the second quarter. Parametric Portfolio Associates LLC now owns 64,547 shares of the business services provider’s stock worth $5,639,000 after purchasing an additional 2,361 shares during the last quarter. Numeric Investors LLC acquired a new position in Euronet Worldwide during the second quarter worth $341,000. Macquarie Group Ltd. acquired a new position in Euronet Worldwide during the second quarter worth $302,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in Euronet Worldwide by 20.4% during the second quarter. Cubist Systematic Strategies LLC now owns 7,144 shares of the business services provider’s stock worth $624,000 after purchasing an additional 1,209 shares during the last quarter. Institutional investors own 95.62% of the company’s stock.

EEFT has been the subject of several recent analyst reports. DA Davidson upped their target price on shares of Euronet Worldwide to $118.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $112.00 price target on shares of Euronet Worldwide in a report on Sunday, October 22nd. Northland Securities reiterated a “buy” rating and issued a $110.00 price target on shares of Euronet Worldwide in a report on Thursday, October 19th. Goldman Sachs Group assumed coverage on shares of Euronet Worldwide in a report on Thursday, December 14th. They issued a “buy” rating and a $110.00 price target for the company. Finally, Lake Street Capital upped their price target on shares of Euronet Worldwide from $100.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Euronet Worldwide has an average rating of “Buy” and an average price target of $111.71.

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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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