Insider Selling: Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Sells $2,224,365.24 in Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Nikos Fountas sold 21,479 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $103.56, for a total value of $2,224,365.24. Following the sale, the chief executive officer now owns 52,370 shares of the company’s stock, valued at $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Euronet Worldwide Stock Down 1.4 %

Shares of EEFT stock opened at $103.40 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. The stock has a market cap of $4.54 billion, a P/E ratio of 14.94, a P/E/G ratio of 0.94 and a beta of 1.44. Euronet Worldwide, Inc. has a 12 month low of $90.92 and a 12 month high of $117.66. The company has a 50 day simple moving average of $101.51 and a two-hundred day simple moving average of $102.88.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the company posted $2.53 EPS. On average, research analysts expect that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. DA Davidson reiterated a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Oppenheimer boosted their price target on Euronet Worldwide from $121.00 to $135.00 and gave the company an “outperform” rating in a report on Monday, November 25th. Monness Crespi & Hardt upgraded 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 target price for the company from $118.00 to $110.00 in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $127.13.

Institutional Trading of Euronet Worldwide

Several institutional investors and hedge funds have recently modified their holdings of EEFT. Oppenheimer & Co. Inc. lifted its holdings in Euronet Worldwide by 0.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock worth $1,793,000 after purchasing an additional 133 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Euronet Worldwide by 1.1% in the second quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider’s stock worth $1,260,000 after buying an additional 135 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Euronet Worldwide by 6.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock worth $243,000 after buying an additional 143 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Euronet Worldwide by 0.6% during the third quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock worth $2,540,000 after acquiring an additional 158 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in Euronet Worldwide by 3.6% during the third quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider’s stock valued at $486,000 after acquiring an additional 170 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

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.