Euronet Worldwide, Inc. (EEFT) CEO Sells $27,232.00 in Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Nikos Fountas sold 296 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $92.00, for a total value of $27,232.00. Following the sale, the chief executive officer now owns 550 shares of the company’s stock, valued at $50,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Euronet Worldwide, Inc. (EEFT) traded up $0.62 during trading hours on Friday, reaching $91.90. The company’s stock had a trading volume of 474,835 shares, compared to its average volume of 354,376. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50. Euronet Worldwide, Inc. has a 52 week low of $70.51 and a 52 week high of $101.07. The company has a market cap of $4,841.38, a P/E ratio of 22.04, a PEG ratio of 1.42 and a beta of 1.36.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Thursday, October 19th. The business services provider reported $1.61 EPS for the quarter, hitting analysts’ consensus estimates of $1.61. The company had revenue of $637.90 million for the quarter, compared to the consensus estimate of $595.09 million. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. Euronet Worldwide’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.35 EPS. analysts anticipate that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of Euronet Worldwide by 2.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 180,924 shares of the business services provider’s stock worth $17,150,000 after purchasing an additional 3,712 shares during the period. GSA Capital Partners LLP acquired a new stake in Euronet Worldwide in the 3rd quarter valued at approximately $1,031,000. Hahn Capital Management LLC increased its position in Euronet Worldwide by 1.0% in the 3rd quarter. Hahn Capital Management LLC now owns 422,884 shares of the business services provider’s stock valued at $40,085,000 after acquiring an additional 4,024 shares during the period. Insight Capital Research & Management Inc. acquired a new stake in Euronet Worldwide in the 3rd quarter valued at approximately $1,198,000. Finally, California Public Employees Retirement System increased its position in Euronet Worldwide by 2.9% in the 3rd quarter. California Public Employees Retirement System now owns 92,373 shares of the business services provider’s stock valued at $8,756,000 after acquiring an additional 2,573 shares during the period. Institutional investors and hedge funds own 95.39% of the company’s stock.

Several equities research analysts have commented on EEFT shares. Zacks Investment Research lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. SunTrust Banks reaffirmed a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research report on Friday, October 6th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $112.00 target price on shares of Euronet Worldwide in a research report on Sunday, October 22nd. BidaskClub downgraded Euronet Worldwide from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Northland Securities reissued a “buy” rating and issued a $110.00 price target on shares of Euronet Worldwide in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $108.86.

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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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