Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Sells $9,565,550.00 in Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) CEO Michael J. Brown sold 95,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This represents a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Euronet Worldwide Stock Performance

EEFT stock traded up $0.17 during trading on Friday, hitting $108.56. The company had a trading volume of 143,850 shares, compared to its average volume of 311,122. Euronet Worldwide, Inc. has a 1-year low of $91.07 and a 1-year high of $117.66. The firm has a 50-day moving average price of $100.50 and a 200-day moving average price of $101.12. The firm has a market cap of $4.75 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing analysts' consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. On average, analysts expect that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

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Analysts Set New Price Targets

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

Institutional Investors Weigh In On Euronet Worldwide

Institutional investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC purchased a new stake in Euronet Worldwide in the 4th quarter valued at approximately $28,000. R Squared Ltd purchased a new stake in shares of Euronet Worldwide during the 4th quarter worth approximately $58,000. Covestor Ltd boosted its stake in shares of Euronet Worldwide by 40.9% during the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider's stock worth $73,000 after acquiring an additional 207 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its stake in shares of Euronet Worldwide by 15,240.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock worth $79,000 after acquiring an additional 762 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock worth $88,000 after acquiring an additional 709 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company's stock.

Euronet Worldwide Company Profile

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.