Euronet Worldwide, Inc. (EEFT) CEO Nikos Fountas Sells 296 Shares
Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Nikos Fountas sold 296 shares of Euronet Worldwide stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $92.00, for a total transaction of $27,232.00. Following the completion of the transaction, the chief executive officer now directly owns 550 shares in the company, valued at $50,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Euronet Worldwide, Inc. (NASDAQ:EEFT) traded up $0.62 during midday trading on Friday, reaching $91.90. 474,835 shares of the company were exchanged, compared to its average volume of 354,376. The firm has a market capitalization of $4,808.73, a P/E ratio of 21.89, a PEG ratio of 1.41 and a beta of 1.36. Euronet Worldwide, Inc. has a 52 week low of $70.51 and a 52 week 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 posted its earnings results on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.61. The company had revenue of $637.90 million during the quarter, compared to the consensus estimate of $595.09 million. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. The firm’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.35 earnings per share. equities analysts predict that Euronet Worldwide, Inc. will post 4.33 earnings per share for the current year.
A number of equities research analysts have recently weighed in on EEFT shares. Piper Jaffray Companies reissued a “buy” rating and set a $112.00 price objective on shares of Euronet Worldwide in a report on Sunday, October 22nd. Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a report on Tuesday, September 26th. SunTrust Banks reissued a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a report on Friday, October 6th. BidaskClub raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Northland Securities reissued a “buy” rating and set a $110.00 price objective on shares of Euronet Worldwide in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $108.86.
A number of hedge funds and other institutional investors have recently bought and sold shares of EEFT. Capstone Asset Management Co. acquired a new position in Euronet Worldwide during the second quarter valued at $206,000. Aperio Group LLC lifted its position in Euronet Worldwide by 11.6% during the second quarter. Aperio Group LLC now owns 2,920 shares of the business services provider’s stock valued at $255,000 after purchasing an additional 304 shares during the period. Russell Investments Group Ltd. lifted its position in Euronet Worldwide by 100.6% during the second quarter. Russell Investments Group Ltd. now owns 23,146 shares of the business services provider’s stock valued at $2,023,000 after purchasing an additional 11,606 shares during the period. World Asset Management Inc acquired a new position in Euronet Worldwide during the second quarter valued at $201,000. Finally, Schwab Charles Investment Management Inc. lifted its position in Euronet Worldwide by 6.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 251,081 shares of the business services provider’s stock valued at $21,937,000 after purchasing an additional 14,550 shares during the period. Institutional investors own 95.39% of the company’s stock.
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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