Investors Sell Euronet Worldwide (EEFT) on Strength Following Insider Selling

Traders sold shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) on strength during trading on Friday following insider selling activity. $12.61 million flowed into the stock on the tick-up and $30.98 million flowed out of the stock on the tick-down, for a money net flow of $18.37 million out of the stock. Of all companies tracked, Euronet Worldwide had the 21st highest net out-flow for the day. Euronet Worldwide traded up $0.10 for the day and closed at $111.29Specifically, CEO Michael J. Brown sold 2,551 shares of the stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $96.81, for a total transaction of $246,962.31. Following the sale, the chief executive officer now owns 1,463,669 shares in the company, valued at approximately $141,697,795.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Rick Weller sold 57,458 shares of the stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $96.62, for a total value of $5,551,591.96. Following the sale, the chief financial officer now owns 92,951 shares in the company, valued at approximately $8,980,925.62. The disclosure for this sale can be found here. Insiders have sold a total of 347,413 shares of company stock worth $35,105,042 in the last 90 days. 7.40% of the stock is currently owned by insiders.

Several research firms recently weighed in on EEFT. BidaskClub lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. MED began coverage on Euronet Worldwide in a report on Thursday, July 26th. They set an “outperform” rating on the stock. Piper Jaffray Companies restated a “buy” rating and set a $111.00 price target on shares of Euronet Worldwide in a report on Thursday, July 26th. Needham & Company LLC increased their price target on Euronet Worldwide from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Finally, Citigroup began coverage on Euronet Worldwide in a report on Tuesday, October 9th. They set a “buy” rating and a $135.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have issued a buy rating to the stock. Euronet Worldwide currently has an average rating of “Buy” and an average target price of $128.88.

The stock has a market cap of $5.78 billion, a P/E ratio of 25.70, a price-to-earnings-growth ratio of 1.65 and a beta of 1.42. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.36.



Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Tuesday, July 24th. The business services provider reported $1.32 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.32. The company had revenue of $622.20 million for the quarter, compared to the consensus estimate of $618.93 million. Euronet Worldwide had a return on equity of 24.38% and a net margin of 6.02%. Euronet Worldwide’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 EPS. On average, equities analysts predict that Euronet Worldwide, Inc. will post 5.15 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. First Trust Advisors LP grew its position in Euronet Worldwide by 2,553.7% in the 3rd quarter. First Trust Advisors LP now owns 112,676 shares of the business services provider’s stock valued at $11,292,000 after acquiring an additional 108,430 shares during the last quarter. HighPoint Advisor Group LLC bought a new position in Euronet Worldwide in the 3rd quarter valued at $685,000. Capital Impact Advisors LLC grew its position in Euronet Worldwide by 12.2% in the 3rd quarter. Capital Impact Advisors LLC now owns 21,293 shares of the business services provider’s stock valued at $2,134,000 after acquiring an additional 2,311 shares during the last quarter. First American Bank bought a new position in Euronet Worldwide in the 3rd quarter valued at $311,000. Finally, Sheets Smith Wealth Management grew its position in Euronet Worldwide by 44.6% in the 3rd quarter. Sheets Smith Wealth Management now owns 12,713 shares of the business services provider’s stock valued at $1,274,000 after acquiring an additional 3,921 shares during the last quarter. 99.68% of the stock is currently owned by institutional investors.

Euronet Worldwide Company Profile (NASDAQ:EEFT)

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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