Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Juan Bianchi Sells 4,000 Shares

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Juan Bianchi sold 4,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the transaction, the chief executive officer now owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Euronet Worldwide Price Performance

EEFT stock opened at $97.21 on Thursday. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 17.11 and a beta of 1.46. The firm’s 50-day moving average price is $101.79 and its two-hundred day moving average price is $106.60. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. Euronet Worldwide, Inc. has a 12-month low of $73.84 and a 12-month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.21. The company had revenue of $986.20 million for the quarter, compared to the consensus estimate of $1.09 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. Euronet Worldwide’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.84 EPS. As a group, equities analysts predict that Euronet Worldwide, Inc. will post 7.88 earnings per share for the current year.

Hedge Funds Weigh In On Euronet Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in EEFT. Quadrant Capital Group LLC increased its position in Euronet Worldwide by 242.7% during the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 250 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Euronet Worldwide in the 1st quarter worth about $50,000. Summit Securities Group LLC bought a new stake in shares of Euronet Worldwide during the 2nd quarter valued at about $57,000. Covestor Ltd increased its position in shares of Euronet Worldwide by 174.9% during the first quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock valued at $60,000 after buying an additional 348 shares during the period. Finally, GAMMA Investing LLC raised its stake in Euronet Worldwide by 69.5% in the second quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock worth $61,000 after buying an additional 241 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Analyst Upgrades and Downgrades

EEFT has been the subject of several research analyst reports. Wolfe Research raised Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Friday, May 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $125.00 target price on shares of Euronet Worldwide in a research note on Wednesday, September 4th. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Monness Crespi & Hardt upped their price objective on shares of Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Finally, Citigroup lifted their target price on shares of Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $124.11.

About Euronet Worldwide

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.