Michael J. Brown Sells 95,000 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Michael J. Brown sold 95,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were 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 of the company’s stock, valued at approximately $142,875,686.54. This trade represents a 6.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Euronet Worldwide Stock Performance

Shares of EEFT stock traded up $2.77 during trading hours on Monday, reaching $105.07. 595,517 shares of the company’s stock were exchanged, compared to its average volume of 308,256. Euronet Worldwide, Inc. has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $4.60 billion, a P/E ratio of 16.24, a P/E/G ratio of 0.78 and a beta of 1.37. The business has a fifty day moving average price of $99.97 and a 200-day moving average price of $101.05.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 EPS 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%. Analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EEFT shares. Stephens reissued an “overweight” rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Keefe, Bruyette & Woods increased their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a 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 note on Thursday, December 19th. Finally, Needham & Company LLC reiterated a “buy” rating and set 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 given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

Institutional Trading of Euronet Worldwide

Large investors have recently added to or reduced their stakes in the company. Brucke Financial Inc. bought a new position in Euronet Worldwide during the 4th quarter worth approximately $308,000. Toronto Dominion Bank bought a new stake in Euronet Worldwide during the fourth quarter worth $1,461,000. Burgundy Asset Management Ltd. lifted its position in shares of Euronet Worldwide by 21.0% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider’s stock valued at $112,743,000 after buying an additional 190,453 shares during the last quarter. Vise Technologies Inc. boosted its position in Euronet Worldwide by 3.9% during the fourth quarter. Vise Technologies Inc. now owns 4,656 shares of the business services provider’s stock worth $479,000 after purchasing an additional 174 shares during the period. Finally, CSS LLC IL acquired a new position in shares of Euronet Worldwide in the fourth quarter valued at $462,000. 91.60% of the stock is 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.