Insider Selling: Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Sells 95,000 Shares of Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Michael J. Brown sold 95,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the transaction, the chief executive officer now directly owns 1,418,966 shares in the company, valued at $142,875,686.54. This represents a 6.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Euronet Worldwide Price Performance

Shares of EEFT traded up $2.77 during trading hours on Monday, reaching $105.07. The stock had a trading volume of 595,517 shares, compared to its average volume of 308,256. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. Euronet Worldwide, Inc. has a 12 month low of $91.07 and a 12 month high of $117.66. The stock has a market capitalization of $4.60 billion, a PE ratio of 16.24, a PEG ratio of 0.78 and a beta of 1.37. The company’s 50-day moving average is $99.97 and its two-hundred day moving average is $101.05.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share 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%. Research analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on EEFT. Stephens reissued an “overweight” rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. Keefe, Bruyette & Woods raised their price target 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. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Finally, Oppenheimer decreased 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. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

Institutional Investors Weigh In On Euronet Worldwide

Several institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its stake in shares of Euronet Worldwide by 15.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 9,382 shares of the business services provider’s stock valued at $931,000 after buying an additional 1,253 shares during the period. State of New Jersey Common Pension Fund D grew its stake in Euronet Worldwide by 12.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 18,846 shares of the business services provider’s stock valued at $1,870,000 after acquiring an additional 2,110 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Euronet Worldwide by 0.7% during the third quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock valued at $1,793,000 after acquiring an additional 133 shares in the last quarter. Quest Partners LLC raised its position in shares of Euronet Worldwide by 79.6% during the third quarter. Quest Partners LLC now owns 33,225 shares of the business services provider’s stock worth $3,297,000 after purchasing an additional 14,729 shares during the period. Finally, Mawer Investment Management Ltd. lifted its holdings in shares of Euronet Worldwide by 18.0% in the 3rd quarter. Mawer Investment Management Ltd. now owns 153,129 shares of the business services provider’s stock worth $15,195,000 after purchasing an additional 23,395 shares in the last quarter. 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.