Insider Selling: Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Sells $1,409,970.43 in Stock

Euronet Worldwide, Inc. (NASDAQ:EEFTGet Rating) CEO Michael J. Brown sold 15,689 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $89.87, for a total value of $1,409,970.43. Following the completion of the sale, the chief executive officer now directly owns 1,467,763 shares of the company’s stock, valued at approximately $131,907,860.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Euronet Worldwide Trading Down 0.6 %

EEFT opened at $90.73 on Friday. Euronet Worldwide, Inc. has a 52 week low of $71.60 and a 52 week high of $149.92. The business has a fifty day simple moving average of $82.75 and a 200-day simple moving average of $95.68. The firm has a market cap of $4.50 billion, a P/E ratio of 29.65 and a beta of 1.36. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.39.

Analyst Ratings Changes

Several research firms have issued reports on EEFT. StockNews.com began coverage on Euronet Worldwide in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Needham & Company LLC cut their target price on Euronet Worldwide from $140.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, October 24th. DA Davidson cut their target price on Euronet Worldwide from $170.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, October 6th. Stephens began coverage on Euronet Worldwide in a research note on Wednesday, September 14th. They set an “equal weight” rating and a $95.00 target price for the company. Finally, UBS Group cut their target price on Euronet Worldwide from $174.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EEFT. Wasatch Advisors Inc. boosted its holdings in Euronet Worldwide by 18.5% in the first quarter. Wasatch Advisors Inc. now owns 2,764,637 shares of the business services provider’s stock valued at $359,818,000 after purchasing an additional 431,262 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Euronet Worldwide by 16.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,530,530 shares of the business services provider’s stock valued at $191,711,000 after purchasing an additional 358,911 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Euronet Worldwide by 139.1% in the first quarter. Goldman Sachs Group Inc. now owns 569,056 shares of the business services provider’s stock valued at $74,062,000 after purchasing an additional 331,067 shares during the period. Turtle Creek Asset Management Inc. boosted its holdings in Euronet Worldwide by 35.2% in the third quarter. Turtle Creek Asset Management Inc. now owns 1,001,664 shares of the business services provider’s stock valued at $75,886,000 after purchasing an additional 261,033 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Euronet Worldwide by 3,579.2% in the first quarter. Principal Financial Group Inc. now owns 179,580 shares of the business services provider’s stock valued at $23,372,000 after purchasing an additional 174,699 shares during the period. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

About Euronet Worldwide

(Get Rating)

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers, and individual consumers worldwide. The company's 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 card outsourcing, card issuing, and merchant acquiring services.

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