Nikos Fountas Sells 21,479 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Nikos Fountas sold 21,479 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the sale, the chief executive officer now owns 52,370 shares in the company, valued at approximately $5,423,437.20. The trade was a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Euronet Worldwide Stock Performance

Shares of NASDAQ:EEFT opened at $103.40 on Friday. The firm has a 50 day moving average of $101.51 and a 200 day moving average of $102.88. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 14.94, a price-to-earnings-growth ratio of 0.94 and a beta of 1.44. Euronet Worldwide, Inc. has a 52 week low of $90.92 and a 52 week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same period in the previous year, the company posted $2.53 EPS. On average, sell-side analysts predict that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

Institutional Trading of Euronet Worldwide

Hedge funds have recently modified their holdings of the company. Summit Securities Group LLC bought a new position in shares of Euronet Worldwide during the 2nd quarter worth approximately $57,000. 1620 Investment Advisors Inc. purchased a new position in Euronet Worldwide in the second quarter worth $80,000. Mendota Financial Group LLC acquired a new position in shares of Euronet Worldwide during the third quarter worth $100,000. Quarry LP lifted its holdings in shares of Euronet Worldwide by 21.6% during the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 193 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Euronet Worldwide in the 3rd quarter worth $109,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EEFT. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. DA Davidson reissued a “buy” rating and issued a $136.00 price objective on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a research report on Thursday. Finally, Oppenheimer lifted their price target on shares of Euronet Worldwide from $121.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Euronet Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $127.13.

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. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The 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 and prepaid card outsourcing, card issuing, and merchant acquiring services.