Insider Selling: Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Sells $410,320.00 in Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total value of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $97.21 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19. Euronet Worldwide, Inc. has a fifty-two week low of $73.84 and a fifty-two week high of $117.66. The stock has a market cap of $4.46 billion, a PE ratio of 17.11 and a beta of 1.46. The stock has a fifty day moving average of $101.79 and a 200-day moving average of $106.60.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.21. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The business had revenue of $986.20 million during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm earned $1.84 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current year.

Institutional Trading of Euronet Worldwide

Institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC grew its position in shares of Euronet Worldwide by 242.7% during the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 250 shares in the last quarter. Headlands Technologies LLC purchased a new position in Euronet Worldwide during the first quarter worth about $50,000. Covestor Ltd increased its stake in Euronet Worldwide by 174.9% in the 1st quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock worth $60,000 after acquiring an additional 348 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Euronet Worldwide in the 2nd quarter valued at about $57,000. Finally, GAMMA Investing LLC boosted its position in shares of Euronet Worldwide by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after acquiring an additional 241 shares during the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EEFT has been the subject of several research analyst reports. Monness Crespi & Hardt raised their target price on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Wolfe Research raised shares of Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Friday, May 17th. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Citigroup raised their price target on shares of Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Euronet Worldwide in a research note on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.11.

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.