Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Kevin J. Caponecchi Sells 52,034 Shares

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the completion of the transaction, the chief executive officer now owns 90,288 shares in the company, valued at approximately $9,625,603.68. This trade represents a 36.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Euronet Worldwide Stock Performance

EEFT stock opened at $105.18 on Thursday. The firm has a 50 day simple moving average of $100.26 and a 200 day simple moving average of $103.58. Euronet Worldwide, Inc. has a 52 week low of $86.26 and a 52 week high of $117.66. The stock has a market cap of $4.62 billion, a P/E ratio of 15.20 and a beta of 1.46. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. Research analysts anticipate that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on EEFT shares. Needham & Company LLC decreased their target price on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. DA Davidson reissued a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Finally, Citigroup lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price target for the company from $118.00 to $110.00 in a report on Friday, October 18th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.13.

Institutional Trading of Euronet Worldwide

A number of institutional investors have recently bought and sold shares of EEFT. Franklin Resources Inc. increased its position in Euronet Worldwide by 22.2% in the 3rd quarter. Franklin Resources Inc. now owns 33,921 shares of the business services provider’s stock worth $3,359,000 after purchasing an additional 6,154 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Euronet Worldwide by 10.8% in the 3rd quarter. Tidal Investments LLC now owns 7,195 shares of the business services provider’s stock valued at $714,000 after buying an additional 704 shares in the last quarter. McIlrath & Eck LLC increased its holdings in Euronet Worldwide by 16.2% in the third quarter. McIlrath & Eck LLC now owns 1,476 shares of the business services provider’s stock worth $146,000 after buying an additional 206 shares during the last quarter. ABS Direct Equity Fund LLC raised its position in Euronet Worldwide by 21.8% during the third quarter. ABS Direct Equity Fund LLC now owns 30,000 shares of the business services provider’s stock valued at $2,977,000 after acquiring an additional 5,364 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in Euronet Worldwide by 7.0% in the third quarter. M&T Bank Corp now owns 4,245 shares of the business services provider’s stock valued at $421,000 after acquiring an additional 279 shares during the last quarter. Institutional investors and hedge funds 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.