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

Euronet Worldwide, Inc. (NASDAQ:EEFT) SVP Martin L. Bruckner sold 9,397 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the completion of the sale, the senior vice president now directly owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. The trade was a 19.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Euronet Worldwide Trading Up 0.1 %

NASDAQ:EEFT traded up $0.11 during mid-day trading on Wednesday, hitting $105.54. The company had a trading volume of 58,351 shares, compared to its average volume of 301,209. Euronet Worldwide, Inc. has a fifty-two week low of $86.26 and a fifty-two week high of $117.66. The business’s fifty day moving average is $100.26 and its two-hundred day moving average is $103.58. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $4.64 billion, a P/E ratio of 15.24 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same quarter last year, the firm posted $2.53 earnings per share. As a group, research analysts expect that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current year.

Institutional Investors Weigh In On Euronet Worldwide

A number of hedge funds have recently modified their holdings of EEFT. Jacobs Levy Equity Management Inc. grew its stake in Euronet Worldwide by 74.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 51,834 shares of the business services provider’s stock valued at $5,698,000 after purchasing an additional 22,064 shares in the last quarter. Tidal Investments LLC grew its position in shares of Euronet Worldwide by 15.6% during the 1st quarter. Tidal Investments LLC now owns 9,018 shares of the business services provider’s stock worth $991,000 after purchasing an additional 1,217 shares in the last quarter. Comerica Bank increased its stake in Euronet Worldwide by 22.1% during the 1st quarter. Comerica Bank now owns 23,657 shares of the business services provider’s stock worth $2,601,000 after acquiring an additional 4,288 shares during the period. LRI Investments LLC bought a new stake in Euronet Worldwide during the first quarter worth about $173,000. Finally, SG Capital Management LLC increased its stake in Euronet Worldwide by 106.8% in the first quarter. SG Capital Management LLC now owns 41,934 shares of the business services provider’s stock valued at $4,610,000 after acquiring an additional 21,654 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on EEFT shares. StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Needham & Company LLC cut their price target on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Oppenheimer boosted their price objective on Euronet Worldwide from $121.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their price target for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Finally, DA Davidson restated a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $127.13.

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.