Insider Selling: Euronet Worldwide, Inc. (EEFT) CEO Sells $1,679,800.00 in Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Michael J. Brown sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $83.99, for a total value of $1,679,800.00. Following the transaction, the chief executive officer now owns 1,482,348 shares of the company’s stock, valued at approximately $124,502,408.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Euronet Worldwide, Inc. (NASDAQ EEFT) opened at $85.12 on Friday. The firm has a market capitalization of $4,441.54, a price-to-earnings ratio of 19.56, a P/E/G ratio of 1.13 and a beta of 1.43. Euronet Worldwide, Inc. has a 12 month low of $76.26 and a 12 month high of $101.07. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The company had revenue of $604.60 million for the quarter, compared to analysts’ expectations of $609.53 million. Euronet Worldwide had a return on equity of 22.41% and a net margin of 6.97%. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 earnings per share. analysts predict that Euronet Worldwide, Inc. will post 5 EPS for the current year.

A number of equities analysts recently commented on the company. BidaskClub upgraded Euronet Worldwide from a “strong sell” rating to a “sell” rating in a report on Friday. Lake Street Capital upped their target price on Euronet Worldwide from $100.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, February 8th. DA Davidson upped their target price on Euronet Worldwide to $118.00 and gave the company a “buy” rating in a report on Thursday, February 1st. William Blair downgraded Euronet Worldwide from an “outperform” rating to a “market perform” rating in a report on Monday, December 18th. Finally, Goldman Sachs Group assumed coverage on Euronet Worldwide in a report on Thursday, December 14th. They set a “buy” rating and a $110.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Euronet Worldwide currently has an average rating of “Buy” and an average price target of $111.71.

A number of hedge funds have recently modified their holdings of the stock. Xact Kapitalforvaltning AB purchased a new stake in Euronet Worldwide in the fourth quarter worth $390,000. Envestnet Asset Management Inc. grew its stake in Euronet Worldwide by 12.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,667 shares of the business services provider’s stock worth $815,000 after purchasing an additional 1,057 shares during the period. William Blair Investment Management LLC grew its stake in Euronet Worldwide by 35.7% in the fourth quarter. William Blair Investment Management LLC now owns 1,198,180 shares of the business services provider’s stock worth $100,971,000 after purchasing an additional 315,396 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in Euronet Worldwide by 495.8% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 14,300 shares of the business services provider’s stock worth $1,205,000 after purchasing an additional 11,900 shares during the period. Finally, Gotham Asset Management LLC purchased a new stake in Euronet Worldwide in the fourth quarter worth $9,006,000. 96.43% of the stock is currently owned by institutional investors.

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About Euronet Worldwide

Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.

Insider Buying and Selling by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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