Euronet Worldwide, Inc. (NASDAQ:EEFT) SVP Sells $1,008,392.07 in Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the transaction, the senior vice president now owns 39,983 shares in the company, valued at approximately $4,290,575.73. The trade was a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Euronet Worldwide Trading Up 0.1 %

Shares of Euronet Worldwide stock traded up $0.11 on Wednesday, reaching $105.54. 58,351 shares of the company were exchanged, compared to its average volume of 301,209. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide, Inc. has a fifty-two week low of $86.26 and a fifty-two week high of $117.66. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 15.24 and a beta of 1.46. The stock has a fifty day moving average price of $100.26 and a 200-day moving average price of $103.58.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EEFT. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Needham & Company LLC dropped their price objective on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. DA Davidson reaffirmed a “buy” rating and issued a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Finally, Oppenheimer increased their price objective on shares of Euronet Worldwide from $121.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.13.

Institutional Trading of Euronet Worldwide

A number of hedge funds have recently made changes to their positions in EEFT. Ellsworth Advisors LLC purchased a new position in Euronet Worldwide in the second quarter valued at about $514,000. SG Capital Management LLC grew its stake in shares of Euronet Worldwide by 106.8% in the 1st quarter. SG Capital Management LLC now owns 41,934 shares of the business services provider’s stock valued at $4,610,000 after buying an additional 21,654 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of Euronet Worldwide by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock valued at $79,415,000 after buying an additional 10,689 shares in the last quarter. Savant Capital LLC grew its stake in shares of Euronet Worldwide by 199.3% in the 2nd quarter. Savant Capital LLC now owns 8,928 shares of the business services provider’s stock valued at $924,000 after buying an additional 5,945 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in shares of Euronet Worldwide by 5.4% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock valued at $16,004,000 after buying an additional 8,230 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

About Euronet Worldwide

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.