Euronet Worldwide, Inc. (NASDAQ:EEFT) SVP Martin L. Bruckner Sells 9,397 Shares

Euronet Worldwide, Inc. (NASDAQ:EEFT) SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the sale, the senior vice president now owns 39,983 shares of the company’s stock, valued at $4,290,575.73. This trade represents a 19.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Euronet Worldwide Trading Down 0.2 %

Shares of EEFT stock opened at $105.18 on Thursday. The stock has a market cap of $4.62 billion, a P/E ratio of 15.20 and a beta of 1.46. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide, Inc. has a fifty-two week low of $86.26 and a fifty-two week high of $117.66. The business has a fifty day simple moving average of $100.26 and a 200-day simple moving average of $103.58.

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

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. DA Davidson reissued a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Oppenheimer raised their price target on Euronet Worldwide from $121.00 to $135.00 and gave the company an “outperform” rating in a report on Monday. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Finally, Needham & Company LLC reduced their target price on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.13.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Oppenheimer & Co. Inc. grew its holdings in Euronet Worldwide by 0.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock valued at $1,793,000 after buying an additional 133 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Euronet Worldwide by 1.1% during the second quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider’s stock valued at $1,260,000 after acquiring an additional 135 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Euronet Worldwide by 6.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock valued at $243,000 after acquiring an additional 143 shares during the last quarter. HighTower Advisors LLC increased its position in Euronet Worldwide by 0.6% during the 3rd quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock worth $2,540,000 after purchasing an additional 158 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Euronet Worldwide by 3.6% in the 3rd quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider’s stock valued at $486,000 after purchasing an additional 170 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

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.