Euronet Worldwide, Inc. (NASDAQ:EEFT) SVP Martin L. Bruckner Sells 9,397 Shares

Euronet Worldwide, Inc. (NASDAQ:EEFT) SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $107.31, for a total value of $1,008,392.07. Following the sale, the senior vice president now owns 39,983 shares in the company, valued at $4,290,575.73. This trade represents a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Euronet Worldwide Price Performance

EEFT opened at $105.18 on Thursday. Euronet Worldwide, Inc. has a 52-week low of $86.26 and a 52-week high of $117.66. The company has a 50 day moving average of $100.26 and a two-hundred day moving average of $103.58. The company 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 quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share 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 firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company earned $2.53 EPS. On average, analysts expect that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

EEFT has been the topic of a number of research analyst reports. Oppenheimer raised their price target on Euronet Worldwide from $121.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday. Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. DA Davidson reaffirmed a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price target for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Finally, StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Three 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 stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.13.

Institutional Investors Weigh In On Euronet Worldwide

A number of large investors have recently modified their holdings of EEFT. Oppenheimer & Co. Inc. lifted its position in Euronet Worldwide by 0.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock worth $1,793,000 after acquiring an additional 133 shares in the last quarter. Arizona State Retirement System grew its position in 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 valued at $1,260,000 after acquiring an additional 135 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Euronet Worldwide by 6.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 143 shares during the period. HighTower Advisors LLC lifted 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 purchasing an additional 158 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Euronet Worldwide by 3.6% in 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 purchasing an additional 170 shares during the period. Institutional investors and hedge funds 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.