Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Free Report) CEO Michael J. Brown sold 95,000 shares of the stock in a transaction on Thursday, March 13th. The stock was 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 owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. The trade was a 6.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Euronet Worldwide Stock Performance
NASDAQ EEFT opened at $105.07 on Tuesday. The firm has a 50-day moving average of $100.06 and a 200-day moving average of $101.04. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The stock has a market cap of $4.60 billion, a PE ratio of 16.24, a P/E/G ratio of 0.78 and a beta of 1.37. Euronet Worldwide, Inc. has a 52-week low of $91.07 and a 52-week high of $117.66.
Euronet Worldwide (NASDAQ:EEFT – Get Free Report) last posted its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. On average, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.
Institutional Trading of Euronet Worldwide
Analysts Set New Price Targets
EEFT has been the subject of several recent research reports. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Keefe, Bruyette & Woods increased their price target on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th. Stephens reiterated an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, February 14th. Finally, Oppenheimer cut their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.
Read Our Latest Stock Analysis on EEFT
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.
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