Euronet Worldwide, Inc. (NASDAQ:EEFT) VP Jeffrey B. Newman Sells 5,461 Shares

Euronet Worldwide, Inc. (NASDAQ:EEFT) VP Jeffrey B. Newman sold 5,461 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $161.12, for a total value of $879,876.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

EEFT stock opened at $161.35 on Wednesday. Euronet Worldwide, Inc. has a 1-year low of $81.68 and a 1-year high of $163.11. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $8.38 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Monday, April 29th. The business services provider reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02. Euronet Worldwide had a return on equity of 24.83% and a net margin of 9.40%. The firm had revenue of $577.50 million during the quarter, compared to analyst estimates of $602.73 million. During the same period last year, the company posted $0.73 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that Euronet Worldwide, Inc. will post 6.7 earnings per share for the current year.



EEFT has been the subject of several analyst reports. Zacks Investment Research raised Euronet Worldwide from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Thursday, February 14th. Piper Jaffray Companies lifted their price objective on Euronet Worldwide to $159.00 in a research report on Tuesday, March 5th. DA Davidson lifted their price objective on Euronet Worldwide to $160.00 and gave the stock a “reduce” rating in a research report on Tuesday, March 19th. Wells Fargo & Co lifted their price objective on Euronet Worldwide from $150.00 to $164.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. They noted that the move was a valuation call. Finally, BidaskClub lowered Euronet Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Euronet Worldwide currently has a consensus rating of “Buy” and a consensus target price of $153.29.

Hedge funds have recently bought and sold shares of the company. Meridian Wealth Management LLC acquired a new stake in shares of Euronet Worldwide in the 1st quarter valued at about $43,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Euronet Worldwide in the 1st quarter valued at about $45,000. Premia Global Advisors LLC acquired a new stake in shares of Euronet Worldwide in the 1st quarter valued at about $55,000. Captrust Financial Advisors grew its stake in shares of Euronet Worldwide by 163.0% in the 4th quarter. Captrust Financial Advisors now owns 668 shares of the business services provider’s stock valued at $68,000 after buying an additional 414 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Euronet Worldwide by 21.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the business services provider’s stock valued at $87,000 after buying an additional 150 shares during the period. 99.51% of the stock is owned by hedge funds and other institutional investors.

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Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company's Electronic Financial Transaction (EFT) 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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