Insider Selling: Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Sells $5,547,344.74 in Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Kevin J. Caponecchi sold 52,034 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $106.61, for a total value of $5,547,344.74. Following the sale, the chief executive officer now directly owns 90,288 shares of the company’s stock, valued at $9,625,603.68. This represents a 36.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Euronet Worldwide Stock Down 0.0 %

EEFT opened at $105.13 on Friday. The company has a market capitalization of $4.62 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 0.95 and a beta of 1.46. The firm has a 50-day simple moving average of $100.46 and a two-hundred day simple moving average of $103.60. 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, Inc. has a 52 week low of $86.51 and a 52 week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company earned $2.53 earnings per share. Analysts forecast that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on EEFT. DA Davidson reissued a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Citigroup lowered 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. 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, November 25th. Finally, Needham & Company LLC dropped their price objective on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Three research 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Summit Securities Group LLC bought a new position in Euronet Worldwide during the second quarter valued at $57,000. GAMMA Investing LLC raised its position in shares of Euronet Worldwide by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after buying an additional 241 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Euronet Worldwide in the 2nd quarter valued at about $80,000. Mendota Financial Group LLC purchased a new position in Euronet Worldwide in the third quarter worth about $100,000. Finally, Quarry LP raised its position in Euronet Worldwide by 21.6% during the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 193 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

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.