Insider Selling: Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Sells 21,479 Shares of Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Nikos Fountas sold 21,479 shares of Euronet Worldwide stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the sale, the chief executive officer now owns 52,370 shares in the company, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Euronet Worldwide Stock Performance

Shares of EEFT stock traded up $0.56 during trading on Tuesday, reaching $104.18. 222,297 shares of the company’s stock were exchanged, compared to its average volume of 298,317. Euronet Worldwide, Inc. has a twelve month low of $90.41 and a twelve month high of $117.66. The firm’s fifty day moving average price is $101.12 and its 200-day moving average price is $102.93. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.58 billion, a PE ratio of 14.97, a PEG ratio of 0.94 and a beta of 1.44.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, beating the consensus estimate of $2.92 by $0.11. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same period in the previous year, the company earned $2.53 earnings per share. As a group, sell-side analysts anticipate that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EEFT. Summit Securities Group LLC bought a new stake in shares of Euronet Worldwide during the second quarter worth approximately $57,000. 1620 Investment Advisors Inc. acquired a new stake in Euronet Worldwide during the 2nd quarter worth approximately $80,000. Mendota Financial Group LLC bought a new stake in Euronet Worldwide in the 3rd quarter valued at $100,000. Quarry LP grew its holdings in Euronet Worldwide by 21.6% in the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after buying an additional 193 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in Euronet Worldwide during the 3rd quarter worth $109,000. 91.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Needham & Company LLC lowered their price target on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their target price for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Oppenheimer increased their price target on Euronet Worldwide from $121.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Finally, Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.13.

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.