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 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) 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

A number of hedge funds have recently modified their holdings of the stock. Brucke Financial Inc. bought a new position in Euronet Worldwide during the fourth quarter worth about $308,000. Toronto Dominion Bank bought a new position in Euronet Worldwide during the fourth quarter worth about $1,461,000. Burgundy Asset Management Ltd. increased its position in Euronet Worldwide by 21.0% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider’s stock worth $112,743,000 after acquiring an additional 190,453 shares during the period. Vise Technologies Inc. increased 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 acquiring an additional 174 shares during the period. Finally, CSS LLC IL bought a new position in Euronet Worldwide during the fourth quarter worth about $462,000. Institutional investors and hedge funds own 91.60% of the company’s stock.

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.

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.