Andrej Olechowski Sells 10,276 Shares of Euronet Worldwide, Inc. (EEFT) Stock
Euronet Worldwide, Inc. (NASDAQ:EEFT) Director Andrej Olechowski sold 10,276 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $97.30, for a total transaction of $999,854.80. Following the completion of the transaction, the director now directly owns 14,355 shares of the company’s stock, valued at approximately $1,396,741.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Euronet Worldwide, Inc. (NASDAQ:EEFT) traded up 0.35% during trading on Monday, reaching $97.43. The company had a trading volume of 267,259 shares. The stock has a 50 day moving average of $96.30 and a 200-day moving average of $88.20. The company has a market capitalization of $5.12 billion, a P/E ratio of 31.45 and a beta of 1.36. Euronet Worldwide, Inc. has a 12 month low of $70.51 and a 12 month high of $98.55.
Euronet Worldwide (NASDAQ:EEFT) last released its earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.01. The firm had revenue of $536.60 million for the quarter, compared to analyst estimates of $513.10 million. Euronet Worldwide had a return on equity of 22.32% and a net margin of 8.23%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.97 EPS. Equities research analysts expect that Euronet Worldwide, Inc. will post $4.55 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EEFT. Janus Henderson Group PLC acquired a new stake in Euronet Worldwide in the 2nd quarter valued at approximately $329,644,000. William Blair Investment Management LLC bought a new stake in shares of Euronet Worldwide in the 1st quarter worth approximately $71,781,000. Janus Capital Management LLC lifted its position in shares of Euronet Worldwide by 15.3% in the 1st quarter. Janus Capital Management LLC now owns 3,361,668 shares of the business services provider’s stock worth $287,489,000 after acquiring an additional 445,746 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Euronet Worldwide by 67.2% in the 1st quarter. Ameriprise Financial Inc. now owns 617,953 shares of the business services provider’s stock worth $52,847,000 after acquiring an additional 248,256 shares during the period. Finally, MARSHALL WACE ASIA Ltd bought a new stake in shares of Euronet Worldwide in the 1st quarter worth approximately $18,377,000. 93.96% of the stock is currently owned by hedge funds and other institutional investors.
EEFT has been the subject of several analyst reports. BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Lake Street Capital restated a “buy” rating and issued a $99.00 price target (up previously from $96.00) on shares of Euronet Worldwide in a report on Thursday, July 27th. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Monday, July 17th. Finally, DA Davidson initiated coverage on Euronet Worldwide in a report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price target for the company. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $100.20.
Euronet Worldwide Company Profile
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.
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