Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Michael J. Brown Sells 95,000 Shares

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Michael J. Brown sold 95,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total value of $9,565,550.00. Following the sale, the chief executive officer now owns 1,418,966 shares of the company’s stock, valued at approximately $142,875,686.54. The trade was a 6.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Euronet Worldwide Stock Up 2.0 %

NASDAQ:EEFT opened at $107.81 on Thursday. Euronet Worldwide, Inc. has a 1 year low of $91.07 and a 1 year high of $117.66. The stock has a 50-day moving average price of $100.33 and a two-hundred day moving average price of $101.07. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 0.78 and a beta of 1.37. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. As a group, equities analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on EEFT shares. Keefe, Bruyette & Woods boosted their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th. Oppenheimer reduced their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Finally, Stephens restated an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.00.

Institutional Investors Weigh In On Euronet Worldwide

Several large investors have recently made changes to their positions in the stock. Brucke Financial Inc. bought a new stake in Euronet Worldwide in the 4th quarter valued at $308,000. Toronto Dominion Bank acquired a new stake in shares of Euronet Worldwide in the 4th quarter valued at about $1,461,000. Burgundy Asset Management Ltd. lifted its holdings in shares of Euronet Worldwide by 21.0% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider’s stock valued at $112,743,000 after purchasing an additional 190,453 shares in the last quarter. Vise Technologies Inc. boosted its position in shares of Euronet Worldwide by 3.9% during the fourth quarter. Vise Technologies Inc. now owns 4,656 shares of the business services provider’s stock worth $479,000 after buying an additional 174 shares during the period. Finally, CSS LLC IL acquired a new stake in Euronet Worldwide in the 4th quarter valued at approximately $462,000. Institutional investors own 91.60% of the company’s stock.

About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.